Car retail giant swoops for Newark vehicle storage and reconditioning firm

A Nottinghamshire vehicle reconditioning and storage firm has been bought by online car retailer Cazoo.

Newark-based Smart Fleet Solutions (SFS), will also has sites in Staffordshire, Wiltshire and Scotland, employs over 500 people and processes over 100,000 vehicles a year. It also have storage for over 20,000 vehicles.

Alex Chesterman OBE, founder and CEO of Cazoo, said: “We are excited to have acquired SFS given its infrastructure and vehicle processing capacity as well as its dedicated team of over 500 vehicle preparation experts. It will remain a standalone business run by Theo and his team and we look forward to working with them and to investing in continuing to serve its customers and growing the SFS business further.”

Theo Kortland, managing director of Smart Fleet Solutions, said: “Our focus on innovation and efficiency has enabled us to win and retain a number of key customers over the years and we are delighted to be joining forces with the Cazoo team. They have a clear vision and strategy for our business and are fully committed to making the investments required to continue to serve our existing customers and to further grow and develop the SFS business over the coming years.”