H2 Equity Partners (“H2”) is pleased to announce that it has signed a binding agreement for the sale of Global Vehicle Group (“GVG”) to private equity firm Palladian Investment Partners and the existing GVG management team who will remain significant shareholders.
GVG is the UK’s largest and most diverse B2B vehicle leasing broker, focusing principally on van leasing and the SME market. Through the company’s specialist brands – Global Vans, XLCR, LCV and Fleet Alliance – GVG manages over 70,000 vehicles.
H2 invested in GVG alongside the Group’s two founders in 2022. The business has made great progress since and has tripled its profitability with strong organic growth and a compelling M&A strategy. Over the last four years, the business has significantly increased its share of this growing market and increased customer retention rates as it has developed its market leading proposition and proprietary technology. Through strategic acquisitions, the business has added breadth with a compelling offer to larger fleets.
Commenting on the transaction and H2’s exit, CEO of GVG, Andrew Hurst, said “We are grateful to H2 Equity Partners for their support as our first private equity partner, and they have been highly instrumental to our success over the past four years.”
As a specialist in founder-led or primary buy-out transactions, H2 Equity Partners has built an excellent track record in supporting founders and management teams in further professionalising and growing their businesses. Previous successful examples include Cadogan Tate, RAM Tracking, HC21 and Hancocks.
The transaction is conditional on certain customary closing conditions and is expected to complete later in 2026.
About H2 Equity Partners
H2 Equity Partners is a leading independent investment firm, making investments in medium-sized companies with significant growth or improvement potential. The H2 team has built an exceptional track record of acquiring, strengthening and growing fundamentally attractive businesses. H2 invests in companies across all sectors that have strong market positions and competitive advantages, which can benefit from the extensive international operating experience of the H2 team.
