East Yorkshire-based O&H Vehicle Conversions has been acquired by the venture capital group Endless.
Endless has history in fleet, having bought accident management firm FMG (followed by a prompt sale to Helphire parent Redde), and is the current owner of public-sector focused commercial fleet management and leasing company Essential Fleet Services.
O&H specialises in Patient Transport Service ambulances, front line A&E ambulance vehicles, Wheelchair Access Vehicles, and Welfare vehicles.
Endless LLP is a private equity fund backed by blue chip US, European and UK institutions with approximately £1 billion in funds under management and revenues across its current investment portfolio of over £3 billion.
Andrew Smith, who joined Endless in May 2016 to become head of its Leeds office, led the transaction and joins the O&H board, supporting the current management team led by Peter Van Smirren.
Peter Van Smirren said: “We are very much looking forward to working with the Endless team. In a relatively short period of time we have developed an excellent understanding. We are aligned in our objective to allow O&H to fulfil its potential and solidify its position as a leading provider of vehicle conversions.”
Smith added: “We are delighted to have been given the opportunity to support O&H and the management team’s growth ambitions. O&H has a strong reputation in the vehicle conversion industry and we are excited to be a part of the future for this well-respected business.”