Asset Alliance Group History

Cabot Square Capital provide an investment fund of £25m and the company completes the key strategic acquisition of ATE Truck and Trailers Sales Ltd based in Wolverhampton and now offers a full range of new and used commercial vehicle assets with workshop and customisation facilities clearly differentiating itself from other lenders in the sector. Asset Alliance Group Holdings Ltd is formed as the parent company.

Asset Alliance Group (AAG) acquires Total Reefer, a refrigerated trailer specialist and the group expands its portfolio of clients and assets in a key strategic niche sector of the transportation industry. Through this acquisition we added a short term rental service to our service offerings.

The group further invests in ATE and opens a second retail operation in Scotland to broaden our reach. This new Scottish base also becomes home to the Group Finance and Risk division. The company quickly expands to over 50 staff and over 1,000 commercial vehicle assets on contract agreements and with over 800 used truck and trailers for sale.

AAG acquires its 3rd specialist commercial vehicle lender / provider, this time extending into the Coach and Bus sector. Forest Asset Finance are a highly regarded specialist in this sector with an enviable, expanding client base. Located in Ringwood, Hampshire, we extend our geographic sales and service reach.

The group achieves a significant further funding investment of £100m with which to expand the business and enables the company to break through the 2,000 contract assets barrier. Staff numbers increase to 100 and turnover doubles to around £40m after 5 years of trading.

AAG completes its most recent acquisition of over 300 light commercial vehicles from Total Traffic Management, further expanding our specialist vehicle options and increasing our assets under contract hire, operating lease, hire purchase, fleet management or rental to over 3,000 assets and closing in on over £100m of annual asset value origination.