WestWon acquires Midas Leasing

WestWon acquires the customer and supplier base of Midas Leasing

WestWon acquires Midas Leasing

WestWon have just completed their twentieth acquisition with the acquisition of the customer and supplier base of Midas Leasing.

Celebrating this milestone, CEO Jeremy Hall was pleased to announce, “We are still working with a range of customers and suppliers of Power Leasing, our first acquisition back in 2006. Since then, we have bought seven companies and thirteen existing customer databases. In fairness, this is hardly Facebook buying WhatsApp. Nearly all the acquisitions are very small and often completed when people have been looking to retire.

There are a few notable deals where this was not the case. With General Capital Finance WestWon acquired lease contracts that were still running. Leasemaster was not really an acquisition but a merger of an existing leasing business with our brand.

Not all of these deals have been successful. Without mentioning names, we have spent some money and time on databases that were just never called and so out of date. We might as well have picked up the yellow pages. All in all, buying a historic customer base from another leasing company has been a sensible strategic move for us.

With regards to Midas Leasing, we are pleased to get involved and are looking forward to breathing new air into their 9,000 plus clients.”

About Midas Leasing

Midas Leasing is celebrating its 25th year in business in 2021. Vince Truby founded the business and has still been running it to this day. He will still be working with a handful of suppliers and customers and any new deals will be processed through WestWon. Over the years, they have completed lease transactions for over 9,000 companies, an amazing achievement.

Speaking of the acquisition, Vince Truby said, “After 25 years of running Midas Leasing, I have decided to semi-retire. I will personally still look to maintain a small number of customer and supplier relationships. However, I am very keen that we can support the many thousands of companies where we have arranged a lease for in the past. With this in mind, we have sold our customer base to another leasing company, WestWon Limited, in March 2021.

May I take this opportunity to thank all our staff, funders, suppliers and customers with whom we have worked with over the years. The journey has been exciting, interesting and highly rewarding. I am proud of the work Midas Leasing and our team has done to provide funding for UK businesses.

The team at WestWon will be in contact with you over time to introduce themselves and help promote the benefits of leasing and asset finance. I wish you all the best and thank you for everything you have done over these glorious years.”

For further information, please contact WestWon on 01494 611 456.

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