Experience you can trust
sgfleet's origins came from the formation of Leaseway Transportation Pty Limited in 1986. Its founders had experience in New Zealand’s vehicle rental industry as far back as 1963.
In 1988 Leaseway was appointed the exclusive Fleet Manager for CBFC, the finance company subsidiary of Commonwealth Bank of Australia. That appointment led to the establishment of a business relationship that continues today. Leaseway brought Fleet Management expertise to the joint venture, whereas CBFC brought financing capability for the underlying leases.
In 1996, the Commonwealth Bank formed Fleet Care Services Pty Limited (FCS) on acquiring some of the vehicle Fleet Management business of TNT Australia. This business was acquired independently of the Leaseway/CBFC joint venture. In 1997, the Commonwealth Bank acquired Leaseway Transportation Pty Limited from its founding owners, and with it the principal operating company Leaseway Australia Pty Limited. In 2000, Leaseway Australia Pty Limited changed its name to Commonwealth Fleet Lease Pty Limited.
The Commonwealth Bank ran the two operating businesses (ie FCS and Leaseway Australia Pty Limited) through joint management and facility sharing until 2001 when the operations of FCS were transferred into Commonwealth Fleet Lease Pty Limited.
On 4 June 2004, the Commonwealth Bank sold its shareholding in the highly successful Fleet Management business, Commonwealth Fleet Lease Pty Limited, to S.G. Fleet Services Australia Pty Ltd, a subsidiary of Super Group Limited, a company listed on the Johannesburg Stock Exchange. An Australian equity consortium, including Colonial First State Private Equity, is a shareholder in S.G. Fleet Services Australia Pty Ltd.