LeaseCosts Canada has acquired the company behind the popular Canadian lease transfer marketplaces boombo.ca and vroum.ca for an undisclosed amount.
LeaseCosts Canada is a Montréal-based company that provides several country-wide online B2C and B2B services specifically for the car-leasing industry. Their Lease Takeover Marketplace was launched back in June 2018 and has since served more than 1,500 customers.
“This acquisition allows LeaseCosts to leverage the quality of its services while scaling our marketplace network. The two companies share a common vision and, with this merger, we will improve the value that our network brings into the market. As time is a key factor for our clients, our platform, combined with both boombo and vroum, will skyrocket the reach of our services nationwide. Customers in Québec, Ontario, and B.C. will benefit first while the rest of the provinces will incorporate gradually.” said Jorge Diaz, CEO at LeaseCosts Canada.