First Vehicle Leasing bought by Tilsun Leasing

A trading division of Ogilvie Fleet, Tilsun Leasing, has acquired First Vehicle Leasing for an undisclosed sum.

Based in Glasgow where it has traded for nearly 25 years, First Vehicle Leasing is an online leasing broker servicing both consumers and the SME fleet market nationally.

The deal sees Tilsun Leasing buying the First Vehicle Leasing trading style, people and technology.

It is anticipated that First Vehicle Leasing will retain its existing brand identity, while the buyout will create economies of scale in many areas.

Andy Bell, managing director of Tilsun Leasing, said: “We’re very excited to be acquiring First Vehicle Leasing. This is a key part of our ambitious growth strategy and will enable us to expand further.

“First Vehicle Leasing has built a strong brand and we’re looking forward to harnessing the company’s excellent technology and online presence.

“With our combined expertise, we will be one of the best resourced leasing brokers in the UK with a strong business and consumer package."

Bell was general manager of First Vehicle Leasing for two decades prior to joining Tilsun Leasing in 2019.

Andy Watson, pricing manager for First Vehicle Leasing, said: “The First Vehicle Leasing team is really looking forward to joining forces with Tilsun Leasing, particularly with the backing of Ogilvie Fleet.

“Crucially, our businesses share the core values of fantastic customer service and delivery. We can’t wait to see what we can offer the market when we pool our expertise and resources.”

Tilsun Leasing was founded in 1998 and supplies cars and commercial vehicles from all the major manufacturers to drivers across the UK.

Photo caption: (from left to right) Andy Watson and Andy Bell, with Tony King and Duncan Paterson from First Vehicle Leasing.