SG Fleet acquires LeasePlan Australia and New Zealand
SG Fleet completes acquisition of LPANZ
On 1 September 2021, SG Fleet Group Limited confirmed that it has successfully completed its acquisition of LeasePlan Australia and New Zealand (LPANZ) from LeasePlan Corporation.
Together, a $2.5 billion company has been created, with a combined 250,000 vehicles under management. Bringing together these two complementary, industry-leading organisations creates a true vehicle leasing and fleet management powerhouse in Australia and New Zealand.
The newly merged businesses will be working closely together to manage a smooth integration process, with positive outcomes for customers and supplier partners.
Throughout this integration, our customers and suppliers can expect consistent service, and clear and timely communication regarding any changes.
For more information: sgfleet.com
Senior leadership changes
9 September 2021: Following the completion of the SG Fleet acquisition of LeasePlan Australia and New Zealand (LPANZ) on 1 September, SG Fleet Australia Managing Director, Andy Mulcaster, will assume a broader leadership role across the newly combined operations.
Having fulfilled his role in completing the SG Fleet transaction and after 15 years in charge of LPANZ, Spiro Haralambopoulos has now left the business.
“We are grateful to Spiro for both the great business he has built, and for the professionalism he has shown in helping us with this complex and important acquisition,” said Andy Mulcaster.
In New Zealand, Country Manager Campbell Smith will also be leaving the business. SG Fleet’s Geoff Tipene will take over from Campbell on his departure at the end of October.
“Campbell has also demonstrated tremendous professionalism and expertise helping us to perform all the necessary steps within the LeasePlan New Zealand business to complete this transaction,” said Mulcaster. “And he will continue to provide assistance in the short term before pursuing new opportunities.”
“Along with everyone at SG Fleet, I am excited to work with the LPANZ management teams as we bring the best of two strong businesses together to enhance our offering to our clients.”