Rivervale expands portfolio with acquisition of 1st Choice Vehicle Finance
16th January 2024
Author EditorPosted on Categories Motoring
Rivervale, a leading name in the leasing industry, has announced the successful acquisition of 1st Choice Vehicle Finance. The move marks the brand’s third strategic move since the management buyout in 2022.
1st Choice Vehicle Finance, a leasing brokerage based in Eastbourne, will add another layer of dynamism to Rivervale’s growth trajectory, reinforcing its commitment to providing unparalleled services in the automotive and vehicle financing sector. This tactical move kick-starts 2024 on an exceptionally positive note, further solidifying Rivervale’s position as a market leader.
Neil Chapman, Rivervale Chairman, expressed his excitement with this statement: “We are thrilled to welcome 1st Choice Vehicle Finance into the Rivervale family. This is a testament to our commitment to offering a diverse range of services and enhancing the overall customer experience. We look forward to integrating the strengths of 1st Choice into our operations, driving innovation and excellence.”
Vince Pemberton, Rivervale CEO, emphasised the group’s strategic plan by saying: “Bringing 1st Choice Vehicle Finance into the fold aligns perfectly with our vision of being the UK’s most trusted vehicle provider. Neill has a vast amount of motor trade experience particularly in the vehicle leasing sector that will be a great addition to the Rivervale Management team.”
Neill Cole, Director of 1st Choice Vehicle Finance, shared his perspective by adding: “We are excited about the possibilities that joining forces with Rivervale unlocks for 1st Choice Vehicle Finance. This marks a new chapter for us, and we are eager to leverage Rivervale’s resources and expertise to enhance our offerings and better serve our customers.”
After undergoing a successful rebrand in 2023, Rivervale is reinforcing its commitment to making motoring manageable with further plans to be announced in 2024.
Rivervale provides leasing, purchasing, servicing & vehicle management for cars, vans & minibuses.