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  5. Nexus Vehicle Rental Acquires Adapted Vehicle Hire

M&A Deal Summary

Nexus Vehicle Rental Acquires Adapted Vehicle Hire

On June 7, 2010, Nexus Vehicle Rental acquired business services company Adapted Vehicle Hire

Acquisition Highlights
  • This is Nexus Vehicle Rental’s 1st transaction in the Business Services sector.
  • This is Nexus Vehicle Rental’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2010-06-07
Target Adapted Vehicle Hire
Sector Business Services
Buyer(s) Nexus Vehicle Rental
Deal Type Add-on Acquisition

Target

Adapted Vehicle Hire

Bristol, United Kingdom
AVH was founded in 2005 and specialises in renting adapted cars and vans throughout the UK to drivers with disabilities. AVH has locations in Uxbridge, Greater London and Chorley, Lancashire. This is a growing niche driven by equality legislation and the increasing demands of disabled drivers who require replacement or temporary vehicles.

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Buyer(S) 1

Buyer

Nexus Vehicle Rental

Leeds, United Kingdom
Category Company
Founded 1999
Sector Business Services
Employees130
DESCRIPTION

Nexus Vehicle Rental is a technology-driven B2B vehicle rental intermediary, which connects corporate customers with vehicle rental companies through its proprietary online booking and rental management system, IRIS. The system provides Nexus’s 1,000 corporate customers with access to over 550,000 vehicles sourced from 220 rental companies across 2,000 locations. Nexus Vehicle Rental was established in 1999 and is based in Leeds, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2010 M&A 1 of 1
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