Fuel and green energy solutions specialist Greenarc has acquired Key Finance & Leasing, better known as KeyFleet.

L-R: KeyFleet MD Marc McLoughlin and Greenarc CEO Chris Bingham at the Greenarc Fuel Cards office in East Lancashire

Based in Lancashire, KeyFleet has more than 15 years’ experience in vehicle leasing and fleet management services and specialises in supporting its customers with the transition to electric vehicles.

The deal will expand Greenarc’s service offering and support its work on guiding commercial, public sector and residential customers towards a decarbonised future.

KeyFleet will become part of northern-based Greenarc, which employs over 50 people within its existing group of businesses. Marc McLoughlin, KeyFleet managing director, will join the board at Greenarc as part of the sale.

Chris Bingham, Greenarc chairman and CEO, said: “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 added: “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.”