Online used car retailer Cazoo has acquired Smart Fleet Solutions (SFS), a vehicle reconditioning and storage company, for an undisclosed sum.
SFS has a team of over 500 staff operating from four state-of-the-art vehicle refurbishment facilities across 110 acres in Nottinghamshire, Staffordshire, Wiltshire and Scotland, processing over 100,000 vehicles annually with storage for more than 20,000 vehicles.
This deal follows the recent acquisition by Cazoo of car subscription platform Drover in December 2020, and of the Imperial car supermarket chain in July.
Alex Chesterman OBE, Founder & CEO of Cazoo said: “We are excited to have acquired SFS given its infrastructure and vehicle processing capacity as well as its dedicated team of over 500 vehicle preparation experts. It will remain a standalone business run by Theo (Kortland, MD of SFS) and his team and we look forward to working with them and investing in continuing to serve its customers and growing the SFS business further.”
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