Bank of Ireland UK has completed its acquisition of Marshall Leasing from Marshall Motor Holdings.
The acquisition was announced on 21 September 2017, conditional upon Northridge Finance receiving regulatory approval, which has now been received.
Marshall Leasing will become part of Northridge Finance, Bank of Ireland UK’s car and asset finance business.
Northridge Finance is Bank of Ireland UK’s car and asset finance business operating across the UK market. It provides personal and commercial asset finance serving the motor dealer, finance broker, and corporate markets, offering a range of vehicle-related lending products and services.
Marshall Leasing is an established Contract Hire and Fleet Management business, serving a wide range of Corporate clients. It has a funded fleet exceeding 6,500 vehicles, and has a successful track record, based firmly on a dedication to offering excellence in customer service. This has been recognised with a series of award wins over recent years. Most recently, the Association of Car Fleet Operators awarded Marshall Leasing the Fleet Leasing Company of the Year for 2017.
James McGee, managing director, Northridge Finance said: “Northridge Finance and Marshall Leasing share a customer-centric ethos focused on delivering great service and developing long-term relationships. It’s the perfect partnership and together I look forward to delivering real value-added service and products to our customers and our intermediary partners. I am looking forward to working with the Marshall Leasing management team in expanding the business and also to develop our trading relationship with Marshall Motor Holdings Plc.”
Peter Cakebread, managing director, Marshall Leasing said: “Marshall Leasing has enjoyed excellent growth and success over recent years with our focus on customer service. I am very excited about the opportunity to continue and accelerate this expansion in partnership with Northridge Finance and the wider Bank of Ireland UK business. There can be no doubt that this move creates a fantastic opportunity for the business to fulfil its true potential over the coming years, and to continue to offer best in class leading service to our widening client base.”