WestWon are pleased to announce the acquisition of the customer and supplier base of OPM Leasing Limited for an undisclosed sum.
OPM Leasing Limited was incorporated in 1992 by Tony Trinder. Originally based out of Manchester, Tony has grown the business over nearly 30 years before deciding to retire in 2019. The company, often referred to as OPM Finance, built up a client base of over 2,000 end user companies who have used the OPM for their leasing and asset finance requirements. Many of these clients were introduced by suppliers of CCTV, gym and IT equipment.
Jeremy Hall, CEO of WestWon noted, “We have known Tony for many years. He has maintained an excellent reputation in the leasing and asset finance sector. It is a privilege to be trusted with many of his client and supplier relationships. We have only acquired the majority of his client and supplier base. The company, OPM Leasing Limited, is still owned by Tony and he has kept a number of his more recent clients that are still paying for an existing lease.”
One area of interest has always been, where does the company name OPM come from? In the world of finance, most people refer to “OPM” as “Other People’s Money.” Tony did point out that the company name did not stand for “Other People’s Money” when he founded the business. However, the leasing market has always assumed that is what he meant.
“There is a great logic to call your business “OPM” when you are a leasing broker and in affect you are actually lending money funded by banks directly. I have always liked the brand name” added Jeremy.
The OPM client base has been integrated into the WestWon client base which via numerous acquisitions is fast approaching 10,000 end user clients.
Whilst WestWon still obtains much of its new business from supplier relationships, the company has a very proactive marketing and sales campaign into the existing end user base who look to bond with a leasing company.
Operations Manager, Carol McNamara concludes, “We welcome the onboarding of all clients and suppliers of OPM Finance, should you have any leasing and asset finance requirements, please call us directly on 01494 611 456.”