The commercial vehicle hire service intends to use Business Growth Fund's investment to almost triple the size of its fleet.
Business Growth Fund, the UK-based growth equity fund backed by five of the country’s largest banks, has invested £7.5m ($11.8m) in LCV Hire Solutions, the UK-based operator of vehicle hire service Reflex.
Reflex operates a fleet of more than 3,500 light commercial vehicles and cars that it plans to expand to 10,000 in the next five years. It rents the vehicles out to corporate customers, and also provides tracking systems, on board cameras and driver fatigue monitors.
Oliver Waring, Reflex’s…
