Enterprise Rent-A-Car UK has completed the acquisition of SHB Hire, creating one of the UK’s largest commercial vehicle rental businesses.
Announced this spring, the deal – for an undisclosed amount – sees the SHB fleet of more than 18,500 commercial vehicles become part of Enterprise’s commercial vehicle division, Enterprise Flex-E-Rent; bringing a combined fleet of more than 45,000 vehicles.
Ben Lawson, Enterprise Holdings vice president of mobility and project development for the UK & Ireland, will lead the integration process after which the combined business will be overseen by Enterprise Flex-E-Rent managing director, Danny Glynn.
Enterprise said the combined customer base will benefit from further enhanced choice, flexible funding options and sophisticated technology platforms. In addition, both SHB Hire and Enterprise were established as family-owned businesses and are recognised for their customer service.
“We are very excited to complete this acquisition and formally welcome SHB Hire into the Enterprise family,” said Khaled Shahbo, Enterprise Holdings managing director / senior vice president for the UK & Ireland. “This is a very significant moment as Enterprise and SHB Hire unite with a shared vision to create the best commercial vehicle rental business in the UK.”
“Our aim is to deliver the best choice, value and service to our growing number of commercial vehicle customers. The speed of regulatory changes for commercial vehicle operators, coupled with the desire of many organisations not to commit large amounts of capital to their fleets, are shaping how businesses are rethinking their mobility needs.”
He added: “Our goal is to become the UK’s principal mobility provider for businesses and private motorists needing access to any type of vehicle for any period of time. With SHB Hire, we can build a much stronger business to better support customers that require commercial vehicles both today and in the future.”