Close Brothers starts PCV rentals

Close Brothers Commercial Vehicle Solutions (CVS) has launched a Coach & Bus Rental division, recruiting former EvoBus (UK) MD Mike Beagrie to lead the new business.

As MD of the CVS Coach & Bus Rental division, Mr Beagrie will lead the initiative to replicate Close Brothers’ “highly successful” leasing and rentals business model in the coach and bus industry.

The Coach & Bus Rental division of CVS is within the Leasing and Rentals division of Close Brothers.

Says Mr Beagrie: “After early retirement in 2014, I quickly realised it was too soon for me to leave the business world behind. While I received a few interesting approaches, the offer from Close Brothers was too enticing to turn down.

“Their ethos and culture is very much like my own, with a clear focus on building relationships, providing exceptional customer service and employing sectoral expertise to best meet customer needs. In particular, their total commitment to treating customers fairly has always been a core value for me.

“I’m excited by this new challenge and look forward to bringing the Close Brothers modern merchant banking approach to the coach and bus industry, which I know will welcome the innovative and bespoke solutions we will develop over the coming months.”

Leasing and Rentals MD, Paul Bartley, says: “We see a great opportunity to grow our offering in the coach and bus arena, and Mr Beagrie’s expertise will be invaluable in supporting the commercial expansion of CVS across new and existing markets.”