Global Vans' acquisition of XLCR Vehicle Management strengthens its position as the leading SME LCV broker in the UK, enhancing delivery capabilities and market presence.

Information on the Target

In December 2023, Global Vans successfully acquired XLCR Vehicle Management ("XLCR"), a prominent UK-based broker specializing in Light Commercial Vehicles (LCVs) and Business Cars. With a proven track record, XLCR delivers over 2,500 vehicle units annually, showcasing its strong presence in the sector. Founded in 2000 and headquartered in Colne, Lancashire, XLCR has developed a reputation for excellence and customer satisfaction, underpinned by its dedicated team and robust operational capabilities.

XLCR operates an additional sales office in Southampton and has built a solid client base, which complements Global Vans’ existing customer relationships. The current management team and founders will remain in place post-acquisition to support the business's continued growth and facilitate a smooth integration process.

Industry Overview in the UK

The market for Light Commercial Vehicles in the UK has been experiencing steady growth, driven by increasing demand for logistics and transportation solutions. SMEs in this sector are particularly focused on flexibility and cost-effect