Browne Jacobson’s corporate finance and real estate teams have successfully advised independent Renault Trucks distributor, RH Commercial Vehicles (RHCV) on its acquisition of Renault’s Peterborough based WLT Truck & Van repair and service operation, for an undisclosed sum.
RHCV have been the Renault truck and van dealer for the East Midlands region for 35 years. They offer a full range of sales and post-market services including rentals, parts, a dedicated MOT bay and a paint shop and body shop.
The expansion will further strengthen RHCV’s successful longstanding partnership with Renault Trucks and see them become the biggest Renault truck dealership in the UK with it now operating five sites across the region including Derbyshire, Leicestershire, Nottinghamshire, Northampton and Peterborough.
Nigel Baxter, Managing Director, RHCV said: “I am delighted to welcome the new team to the RHCV family. This acquisition is another boost to our dealership offering and will allow us to extend our high-quality services to new and existing clients across the full breadth of the Midlands.
“We have worked with Browne Jacobson a number of times now and always find the team to be joined up and professional and their legal advice to be commercial and pragmatic.”
The Browne Jacobson advisory team comprised Nottingham based corporate partner Paul McCannah and real estate partner, Robert Wofinden.
Paul McCannah added: “It’s been a pleasure to help with the continued growth of RHCV’s business, with the team having worked with them on their Northampton acquisition in 2018. This latest acquisition puts them in a very strong position, both in terms of market profile and geographical location and the Peterborough operation will no doubt be a great fit to the RHCV brand. We look forward to watching the next phase of their exciting business growth plans.”