Asset Alliance Group has extended its presence in the coach and bus sector by purchasing Valley Finance. Owner and Director Tim Thornton will join AAG’s coach and bus division’s senior team.
Valley Finance was established in 2004 and AAG believes that the move makes it the largest independent funder in the coach and bus sector.
Says Asset Alliance Group Chief Executive Officer Willie Paterson: “By combining our skills and experience, we have strengthened our position as an outstanding specialist funder. Our coach and bus division, led by Michael Bycroft, now has huge potential to broaden its product portfolio and service offering.”
The deal comes three years after AAG first secured a strong foothold in the sector with the acquisition of Forest Asset Finance.
Earlier this year, AAG funded 17 biomethane-fuelled double-deckers for use on the Bristol Metrobus network by HCT Group (pictured).