BUSINESS
The assets used by bus and coach operators are very expensive pieces of kit, and it’s financial suppor t from firms like Asset Alliance Group allows operators to continue to invest. STEVE BANNER finds out more
Asset Alliance Group’s bus and coach division has reached a major milestone in its history after exceeding £500m in funding vehicles for the sector. The company has financed more than 2,500 buses and coaches since it acquired Forest Asset Finance – well-known for its expertise in this area – back in 2016.
Spearheaded by founding directors Michael Bycroft and Darren Fitzpatrick, the division has grown rapidly over the past seven years, becoming a major funder for operators across the UK and financing fleet upgrades for many of the leading national and regional bus fleets throughout the country.
As group sales director for bus and coach, Fitzpatrick is clearly happy with the progress that has been made to date. “We’re delighted to reach this exciting £500m-plus milestone,” he said. “Our division continues to go from strength to strength every year.
“As part of Arbuthnot Latham bank, we have access to significant funds that allow us to offer a suite of leasing and hire purchase products…
