LeasePLUS Group has solidified its position within the Salary Packaging industry by announcing the acquisition of the Melbourne based Salary Packaging company, Salary Options Pty Ltd.
Salary Options offers market leading products and services to its clients that are complimentary to the LeasePLUS Group businesses. The move will send shock waves into the current Salary Packaging industry which is dominated by two significant listed entities, Smartgroup Corporation Ltd and McMillan Shakespeare Limited.
LeasePLUS Group Managing Director, Mr Aytunc Tezay said “We’re thrilled to welcome all the staff and customers of Salary Options to the LeasePLUS Group family”.
This acquisition now makes one of Australia’s longest established Salary Packaging brands “LeasePLUS / SalaryPackagingPLUS” the third largest salary packager in Australia – the main difference being LeasePLUS Group are proudly 100% Australian owned and operated as opposed to being listed on the stock exchange. “This allows us to still be driven by our original customer service values rather than shareholder returns” said Mr Tezay.
This commitment to exceptional customer service was also recognised by Salary Options’ Managing Director, Mr. David Wenban in his formal announcement to the market, “We decided to sell to [LeasePLUS Group] because of their similar belief in customer service as the cornerstone of the relationship with…employees.”
The LeasePLUS Group’s dedication to offering Salary Packaging services to the Health and Aged Care sectors has long been clear. Their partnership with the Victorian Healthcare Association (VHA) began in 2016 and positioned them as the leading Salary Packaging provider for the Health and Aged Care sectors. This announcement further illustrates that servicing this sector is in the LeasePLUS Group’s DNA.
The LeasePLUS Group will immediately incorporate the Salary Options brand into its recognised SalaryPackagingPLUS business, combining the best of both brands into a single offering. “We will continue to look for other investment opportunities to expand our service offering as our market share grows” said Mr Tezay.
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