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Saturday, July 13, 2024

Greenarc Ltd expands its service offering with latest acquisition of Electric Vehicle supplier KeyFleet

Greenarc Ltd, a national supplier of fuel and green energy solutions is delighted to announce its latest acquisition of Key Finance & Leasing Limited (KeyFleet).

The Lancashire-based business has provided vehicle leasing and fleet management services for over 15 years and specialises in supporting its customers with the transition to Electric Vehicles. Greenarc Limited is focused on guiding its commercial, public sector and residential customers towards a decarbonised future.

Chris Bingham, Greenarc Ltd Chairman & CEO said:

“We are really excited to welcome KeyFleet to our fast-growing business. Greenarc supports both homes and businesses across the UK with their fuel and low carbon energy services, and with the green evolution a huge priority, being able to offer our customers a one-stop solution for their fuel, solar, batteries, EV charging points and now their electric vehicles is a great place for us to be.

We’ve worked closely with Marc and the team at KeyFleet for several years and we’re delighted to have them with us on our journey. With their focus on electric vehicles, they are the perfect business to join Greenarc as we continue to grow and develop to become a central figure in the transition to renewable energy and sustainable transport for both the commercial and domestic markets.”

Marc McLoughlin, KeyFleet Managing Director, who will join the board at Greenarc as part of the sale, said

“Since the business was formed back in 2007 my aim has always been to build a unique and worthwhile business that would genuinely make a difference and leave a legacy that we can all be proud of, and I’ve been fortunate enough to attract a highly skilled team that buy into that vision.

This acquisition by Greenarc Ltd allows us to fulfil our potential as a business by providing both the platform and the resources we require to take advantage of the electrification of vehicles which is no doubt the single biggest opportunity in the fleet sector since the invention of the motor car.

We are excited to lead the charge towards sustainable motoring and electrification nationally as part of the Greenarc group of businesses that will see us expand our services into other renewable solutions as we build a total decarbonisation offering.”

KeyFleet, is based in the Ribble Valley and currently employs a team of 22 which includes regional Relationship Managers who are based across the whole UK. KeyFleet will join northern-based Greenarc Ltd which employs over 50 people within its existing group of businesses.

This acquisition was facilitated by Clarion Solicitors. Tax advice was provided by BHP Chartered Accountants and funding by Barclays Bank.

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