© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Close Brothers Asset Finance acquires Finance for Industry
Posted 31st January 2017

Close Brothers Asset Finance acquires Finance for Industry

In 2016, Close Brothers Asset Finance acquired Finance for Industry, a leading specialist finance broker for the engineering, plastics and machinery sectors. The acquisition strengthens and expands Close Brothers Asset Finance’s existing offering in the market.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Close Brothers Asset Finance acquires Finance for Industry
Image

In 2016, Close Brothers Asset Finance acquired Finance for Industry, a leading specialist finance broker for the engineering, plastics and machinery sectors. The acquisition strengthens and expands Close Brothers Asset Finance’s existing offering in the market.

Close Brothers Asset Finance’s most recent acquisition
As part of the acquisition, Close Brothers Asset Finance has integrated Finance for Industry into their industrial equipment division. Finance for Industry will continue to operate and run under its own brand, with an unchanged sales team. The acquisition bolsters the services offered by Close Brothers Asset Finance, enhancing its existing offering and providing access to a new customer base.

The acquisition timeline
Starting out in Derby and Tolworth in 1987, Close Brothers Asset Finance’s first acquisition was a print finance brokerage company, Surrey Asset Finance in 1996.

At the turn of the millennium, the acquisitions continued, with Close Brothers Asset Finance acquiring Braemar Finance, a national specialist funder to the professionals market. In addition, the company also acquired Kingston Asset Finance in Hull, expanding the business further across the UK. This was in addition to opening new offices in Glasgow and Chester, as well as moving the Derby office to Burton-on-Trent.

In 2006, it acquired Close Brewery Rentals and two years later, in 2008, it also acquired three separate companies. Firstly, Reliance Financial Contracts, an Asset Finance Brokerage specialising in car and taxi finance. It then acquired Ecasks, a niche business based in Ledbury involved in the supply and maintenance of beer kegs. Finally, it also acquired Commercial Vehicle Solutions, which has now become Close Brothers Vehicle Hire.

In 2010, Close Brothers Asset Finance acquired CCBR Container Services, joining the Close Brewery Rentals Business.

Categories: Finance, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
Advice You Can Count On
Leadership
13/02/2017Advice You Can Count On

(HIS) Cummings Global Associates Ltd, 2016 Boutique Business of the Year, is a firm of business consultants who specialise in working with small businesses and entrepreneurs.

Read Full PostRead - Eye Icon
Changing the Appearance of Your Business: A Guide
News
28/01/2021Changing the Appearance of Your Business: A Guide

With the new year in full swing and with the long-awaited vaccine on the horizon, it is safe to say that life as we know it will be upon us in no time! Many people use this time of year to make changes to certain aspects of their lives, and this is undoubtedly

Read Full PostRead - Eye Icon
4 Reasons to Seek Managed IT Services For Your Business
Strategy
28/02/20224 Reasons to Seek Managed IT Services For Your Business

Most businesses rely on Information Technology (IT) to run most of their operations, yours included. Due to this level of importance, you need to have a solid plan to handle your IT. If you already have an in-house team in place, consider supplementing it with

Read Full PostRead - Eye Icon
Landis Rath & Cobb LLP Advise Centre Lane’s acquisition of Saladworks ($16.9 million)
Finance
15/07/2015Landis Rath & Cobb LLP Advise Centre Lane’s acquisition of Saladworks ($16.9 million)

Landis Rath & Cobb LLP Advise Centre Lane's acquisition of Saladworks ($16.9 million)

Read Full PostRead - Eye Icon
Surge in IT Security Measures Anticipated in 2015
Strategy
24/02/2015Surge in IT Security Measures Anticipated in 2015

Survey shows employee training is a top priority for CIOs in protecting company information

Read Full PostRead - Eye Icon
2016 First Quarter Update – EOS Consulting
Finance
08/06/20162016 First Quarter Update – EOS Consulting

EOS Consulting provides technical and financial advisory services in the EMEA area and South America. We

Read Full PostRead - Eye Icon
CREALOGIX’s acquisition of MBA Systems
Finance
19/03/2015CREALOGIX’s acquisition of MBA Systems

CREALOGIX has acquired MBA Systems, a well-established UK fintech brand and leading supplier of innovative web-based solutions and services to the securities and wealth management industries. With this move, CREALOGIX - the Swiss based technology group ranked

Read Full PostRead - Eye Icon
Preventing Legal Hassles: Why Workers’ Compensation Insurance is Crucial for Businesses
Legal
07/08/2023Preventing Legal Hassles: Why Workers’ Compensation Insurance is Crucial for Businesses

When it comes to running a business, there are many factors to consider, including the well-being and safety of your employees.

Read Full PostRead - Eye Icon
Artificial intelligence versus regulation
Leadership
19/07/2018Artificial intelligence versus regulation

As we stand on the threshold of the Fourth Industrial Revolution, the landscape ahead includes developments in areas such as blockchain, internet of things, and nanotechnology



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow