OC&C advises Phoenix Equity Partners on sale of a leading B2B vehicle rental aggregator platformWednesday, February 1, 2023 | News
OC&C is pleased to congratulate Phoenix Equity Partners on the recent sale of Nexus Vehicle Rental. We are also delighted to support the management team on this next step of the journey with David Brennan, John Ellis and Alex Cook, continuing to lead the business.
Nexus Vehicle Rental, based in Leeds (UK) was founded 22 years ago, the business provides a wide range of corporate, credit hire and leasing customers with access to the UK’s largest rental supply chain, with 550,000 vehicles across 2,000 locations via their IRIS tech platform. The company’s continual growth has driven the firm to become one of the UK’s leading tech-driven business mobility providers, reaching over 4 million rental bookings in 2022.
Nexus has experienced tremendous growth and demonstrated its resilient business model through the pandemic. The business has recently diversified into the plant hire and taxi market, as well as investing further in mobile application that streamlines the rental process users whilst on the move. Nexus plans to launch several other product developments in 2023 to support the changing mobility requirements of its customer base.
OC&C is leading strategy consultancy in the Automotive space working with both major global corporations and local champions. We have advised investors on some of the largest and most interesting transactions in recent years.