Dawsongroup has purchased Transflex, the van rental business of collapsed TOM Vehicle Rental Group.
The move has secured 80 jobs, with the trade, business and assets – including 3,600 vans - of Transflex bought out of administration.
Dawsongroup CEO Steve Miller said: “The troubles of the TOM Group show how tough the rental business has been for some companies. It is fortunate that our own business has shown strong growth over the years, and continues to do so, so we undertake this rescue with confidence: confidence in the Transflex team; confidence in the quality of their fleet; and confidence in our own ability to put the two operations together to make an even stronger whole.”
He added: “What we will bring to the mix is a strong customer focus, supported by proven management styles and disciplines honed while developing our own hard-earned success over the past 40 plus years.”
The deal pushed Dawsongroup’s van fleet to close to 9,000. It already has eight dedicated van rental sites, and with Transflex adds branches in Stockton, Manchester, Bristol and Buckingham.
Millar promised that Transflex’s senior management would be given the support required to get the business back on track.
EY joint administrator Colin Dempster said: “This has been a difficult time for staff in recent weeks and I would like to thank them for their patience and support.
“We are pleased to have secured the future of the business and the employees and wish them well with Dawsongroup.”
TOM Vehicle Rental Group collapsed into administration last month after efforts to sell the group failed.