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Rivus Fleet Solutions

Description

Rivus Fleet Solutions is a UK-based fleet management company that provides comprehensive services for light commercial vehicles (LCVs) and heavy goods vehicles (HGVs). The company was formerly known as BT Fleet Solutions until it was acquired by private equity firm AURELIUS in 2019.Rivus generates revenue by offering a wide range of fleet management services, including repair, maintenance, accident and breakdown assistance, to major customers across various sectors such as utilities, infrastructure, security, construction, social housing, logistics, and facility management. The company services over 220,000 LCVs and HGVs annually through its network of 78 independently-owned garages with specialist capabilities.Since the acquisition by AURELIUS, Rivus has undergone significant growth and transformation. In November 2020, AURELIUS acquired Pullman Fleet Solutions, the largest independent provider of commercial HGV maintenance and fleet management in the UK, and integrated it with Rivus. This strategic move has strengthened Rivus' position in the fleet management industry, combining decades of LCV, HGV, and specialist plant experience.In April 2021, AURELIUS further expanded Rivus' service offerings by acquiring AutoRestore, a mobile body repair services company, from Belron International. This acquisition enables Rivus to provide more comprehensive and flexible solutions to its customers, including same-day mobile accident body repair services.

📈 Operating Performance

£m
2022
2022
Margin (%)
YoY Change (%)
UK Turnover (%)
REVENUE
192.6
-
162.5
-
-
%
0.2
-
%
1
-
%
COGS
144.3
-
124.8
-
0.749
-
%
0.16
-
%
-
GP
48.3
-
37.6
-
0.251
-
%
0.16
-
%
-
OPEX
40.9
-
33.2
-
0.212
-
%
0.23
-
%
-
EBIT
5.9
-
2.5
-
0.031
-
%
1.36
-
%
-
ADJ EBIT
-
-
-
%
-
%
-
NET INCOME
2.5
-
4.3
-
0.013
-
%
-0.42
-
%
-

📰 Latest News

Title
Date
Article Type
Link
Legal action brought by union members
Jan 2024
Legal/Regulatory
Read More
Rivus restructure cuts garage network by more than half
No news articles to show.
Jul 2023
Operating Activity
Read More
Rivus wins Defra fleet SMR contract
May 2023
Operating Activity
Read More
Read More
Read More

📰 Latest News

Title
Date
Article Type
Legal action brought by union members
Jan 2024
Legal/Regulatory
Rivus restructure cuts garage network by more than half
Jul 2023
No news articles to show.
Operating Activity
Rivus wins Defra fleet SMR contract
May 2023
Operating Activity

🎯 Segmentation

Industry
Transportation
Sub-industry
Fleet Management
Region
UK
Revenues (£M)
192.6
Employees
883.1
PE Fund
Aurelius
Website URL
Click Here ↗
Linkedin Page
Click Here ↗

🏦 Asset Base

CAPEX (£M)
-
PPE (£M)
2.8
Depreciation (£M)
5.1

👥 Organisation

Employees (£M)
43.9
Employees (#)
883.1
Employees % Rev
22.8
%

💼 Company Stakeholders

🪙 PE Fund Representatives

Tristan Nagler
Click Here ↗
TBC

✏️ My Personal Notes COMING SOON