Flag expands in CV remarketing
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Fleet Auction Group buys competitor Protruck Auctions for an undisclosed sum
Words: Kevin Swallow THE FLEET AUCTION Group (Flag) has bought rival Protruck Auctions for an undisclosed sum, in a deal designed to create the leading independent provider of remarketing services for CVs and plant.
Flag co-chairman Martin Betts says the partnership represents a great opportunity to expand the CV and plant offering. “Charlie Wright [MD of Doncaster-based Protruck] and his team have built a highly respected business in the remarketing industry and the acquisition will take our CV and plant offering into a much wider market.
“We are determined to build on our success by offering a greater breadth and depth of service; this represents a first major step and there is more to come,” he says.
Wright started Protruck in 2006 and established it as a leading independent auction house remarketing trucks, trailers, vans and heavy plant. Wright will continue to run ProTruck and has joined the board of Flag. ■