Brighton based mostly automotive group Rivervale has acquired of Worthing based mostly leasing dealer, OSV.
The acquisition is a part of Rivervale’s growth plan following the administration buyout in 2022, which noticed the corporate turn out to be totally owned by its administrators.
OSV, established in 1997, has a wealth of expertise within the automobile leasing business, offering bespoke and neutral recommendation to clients throughout the UK.
Rivervale’s CEO, Vince Pemberton, stated: “We’re delighted to welcome OSV to the Rivervale household. This acquisition is a strategic transfer that can assist us ship our imaginative and prescient to be the UK’s most trusted automobile supplier throughout a number of completely different sectors. We sit up for working collectively to supply the very best service and options to clients, and proceed to make motoring manageable.”
Andrew Kirkley, one of many Co-Founders of OSV, added: “Debs and I are very excited to affix forces with Rivervale, an organization that now we have admired and revered for a very long time. We imagine that this can be a nice alternative for each our clients and our employees, who will profit from being half of a bigger and extra various organisation. We’re assured that Rivervale will proceed to uphold the excessive requirements and values that now we have established at OSV.”