Asset Alliance aim for growth with £75m funding

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Commercial vehicle hire, finance and sales company Asset Alliance Group are aiming for growth with a £75million Asset Based Lending bank deal. The Group said the deal, led by the Royal Bank of Scotland and supported by HSBC, strengthens its approach to purchasing, refinancing and procuring vehicles.

Willie Paterson, Asset Alliance Group CEO, said: “Thanks to this considerable finance package, our initial rapid development is set to continue apace, through both organic growth and potentially further acquisitions.

“The package uniquely strengthens and supports all areas of the Group’s businesses, underpinning our operations in the form of both increased stock of new and used assets to be sold and rented, and a stronger financial offering for customers needing a larger volume of assets.”

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