KeyFleet acquired by Greenarc

Ribble Valley-based Key Finance & Leasing Ltd, better known as KeyFleet, has been acquired by national fuel and green energy supplier Greenarc.

Keyfleet has specialised in vehicle leasing and fleet management services for more than 15 years and has recently been supporting its customers with the transition to electric vehicles.

The company currently employs a team of 22 which includes regional relationship managers who are based across the whole UK. Greenarc, part of the Craggs Energy Group, employs over 50 people within its existing group of businesses.

Marc McLoughlin, KeyFleet’s managing director, 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.

"In 2020 the advent of ‘electrification’ created an opportunity – one that we grasped with both hands. KeyFleet became a leader in the SME market working with businesses that need to decarbonise - whether that’s to win new business, recruit and retain staff or reduce taxation and running costs – indeed many factors are in play as we approach 2030 and beyond.

"The acquisition by Greenarc Ltd allows us to fulfil our full potential as a business by providing both the platform and the resources we need to take advantage of what is no doubt the single biggest opportunity in the fleet sector since the invention of the motor car."

Chris Bingham, Greenarc chairman and 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.”