stratton to Acquire Marine and Leisure Asset Finance Broker All About Finance
27 July 2015
stratton (Stratton Finance Pty Ltd) announced today that it has signed a binding agreement to acquire 75% of finance broker All About Finance.
All About Finance will rebrand as stratton's marine and leisure division, retaining all staff including founders Manny Sevastas and Marco Aretis.
The acquisition represents an expansion in strategic direction for stratton, which has traditionally focused on automotive, property and commercial finance with only a limited emphasis on finance for marine, outdoor and leisure assets.
stratton Managing Director, Rob Chaloner, said the acquisition is a natural fit with significant opportunities for growth within the business.
"stratton has offered marine, outdoor and leisure finance on a small scale for many years, however this acquisition provides us with a greater depth of experience in the sector and allows us to provide our clients with a wider arrange of financial products and services."
"Additionally, we see opportunities to broaden the stratton offering beyond its automotive finance base as a key growth strategy."
Mr Chaloner concludes, "With the acquisition of All About Finance, stratton can now offer a full suite of products to our clients, including automotive finance and vehicle procurement, home loans, and commercial finance along with finance for boats, jet skis, and caravans."
All About Finance Director and Co-Founder, Manny Sevastas, is excited about the partnership and noted that the benefits to their dealer network was a key driver of the decision to join the stratton group.
"stratton has one of the best lending panels in Australia, and as a technologically driven company, a significant competitive advantage in utilising its proprietary software and online systems to ensure the highest level of customer service."
"In joining the stratton group we are partnering with a company which has a similar culture and approach to customer service. We are excited about being able to deliver more finance product options and better customer service directly to our clients and through our dealer partners."
Media enquiries to Nathan McEwan on (03) 8535 9850 or email email@example.com
stratton is Australia's largest asset finance broker, providing finance for cars, commercial vehicles, business equipment and more to over ten thousand clients each year, and employing over 200 people nationally. Since the company's inception in 1998 stratton has experienced rapid growth and success, driven by its strong focus on technology as a key competitive advantage and high levels of customer service. stratton joined the Carsales network in 2014 when the automotive classifieds business took a majority shareholding.
stratton.com.au is now one of the most visited asset finance websites in the country with over a million visitors per year. The business boasts a significant national presence, offering personal, small business and corporate clients a comprehensive range of finance and insurance solutions for cars, boats, commercial vehicles, business equipment, property and more. Find out more at stratton.com.au.
About All About Finance
All About Finance is a specialist marine, outdoor and leisure asset finance broker. Originally established in 2001, All About Finance has grown into a successful small business serving clients located all over Australia. The company has a significant network of dealer relationships, acting as the retail finance provider for over 100 leisure product dealers nationally.
Find out more at allaboutfinance.com.au.