The parent company of Collett Transport Services (CTS), Specialist Fleet Services Ltd (SFS), has been acquired by Paragon Bank PLC, part of The Paragon Group of Companies PLC.
The takeover will not affect CTS in its provision of flexible and competitive refuse vehicle hire packages for the short or longer term.
As a result of the takeover, the asset finance arm of SFS, Five Arrows Vehicle Finance has been re-named Paragon Bank Vehicle Finance (PBVF).
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.”
For more information about Collett Transport Services tel: 01453 511050 or visit www.colletttransport.co.uk