SFS acquired by Paragon Bank

Published:  03 February, 2016

Contract hire and fleet management company Specialist Fleet Services Ltd (SFS) and its subsidiary companies, Five Arrows Vehicle Finance (FAVF) and Collett Transport Services (CTS), have been acquired by Paragon Bank PLC, part of The Paragon Group of Companies PLC.

As a result of the takeover, asset finance company FAVF has been renamed Paragon Bank Vehicle Finance (PBVF).

SFS was established in 1992 and previously belonged to the Five Arrows Leasing Group Ltd, owned by Five Arrows Leasing Holdings Ltd, part of Rothschild & Co. Paragon Bank acquired Five Arrows Leasing Group in November this year as part of its strategy to enter into the UK SME asset finance market.

Bob Sweetland, Managing Director, SFS said: ‘We are delighted to have joined such a forward thinking, customer focused organisation and we are looking forward to the opportunities this will bring to our group of companies.'

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