Cazoo has accomplished the acquisition of Good Fleet Options in a deal which equips it with the power to recondition greater than 100,000 used automobiles annually ‘in home’.
SFS has a crew of over 500 employees working from 4 automobile refurbishment amenities throughout 110 acres in Nottinghamshire, Staffordshire, Wiltshire and Scotland, processing over 100,000 autos yearly with storage for greater than 20,000 autos.
Alex Chesterman OBE, the founder and chief govt of Cazoo, mentioned: “We’re excited to have acquired SFS given its infrastructure and automobile processing capability in addition to its devoted crew of over 500 automobile preparation specialists.
“It can stay a standalone enterprise run by Theo and his crew and we look ahead to working with them and to investing in persevering with to serve its clients and rising the SFS enterprise additional.”
Cazoo’s newest enterprise acquisition – accomplished for an undisclosed sum – follows its latest buy of automobile subscription supplier Drover and comes because it continues to roll-out its ‘Buyer Centre’ automobile handover and aftersales community, which was largely born out of its acquisition of Imperial Vehicles.
The transfer to accumulate SFS additionally comes 5 months after Cazoo’s fundamental supply of used automobile inventory and PDI providers, Constellation Group (previously BCA Market), appeared to enter direct competitors with the net automobile retailer with the launch of its consumer-facing cinch retail operation.
BCA entered into an settlement to supply and recondition autos for Cazoo at its Corby PDI Centre – a facility able to delivering 50,000 automobiles annually – again in July 2019.
Talking to AM on the time of cinch’s launch as a web-based retailer, providing dwelling supply, Chesterman insisted that the change “doesn’t have an effect on our relationship in any respect”, in an interview with AM.
Again in November Cazoo celebrated the tip of its first yr of buying and selling with the handover of its 10,000th on-line used automobile sale and now claims to have offered over 15,000 used automobiles on-line.
At the moment’s (February 11) assertion detailing the acquisition of SFS mentioned that the enterprise was now geared up for additional development.
It acknowledged: “The mixture of Cazoo’s world-class shopper platform and model with Good Fleet Resolution’s market-leading infrastructure and experience will present each companies the power to additional scale their nationwide reconditioning and storage capabilities in step with their important development plans.
“This deal follows the latest acquisition by Cazoo of Drover, the UK’s main automobile subscription platform which can allow Cazoo to supply its clients the choice of buying, financing or subscribing to the automobiles on its web site because it continues its mission to rework the automobile shopping for expertise within the UK.”
Cazoo’s enterprise mannequin sees it provide both supply or assortment of a used automobile buy in as little as 72 hours.
Each Cazoo automobile comes with a full seven-day a refund assure and a complete 90-day guarantee.
Theo Kortland, the managing director of Good Fleet Options, mentioned: “Our give attention to innovation and effectivity has enabled us to win and retain numerous key clients over time and we’re delighted to be becoming a member of forces with the Cazoo crew.
“They’ve a transparent imaginative and prescient and technique for our enterprise and are totally dedicated to creating the investments required to proceed to serve our present clients and to additional develop and develop the SFS enterprise over the approaching years.”
