KeyFleet acquired by national fuel and green energy supplier Greenarc Limited

Northern based Greenarc Ltd which is part of the Craggs Energy Group of companies, has recently announced their latest acquisition of Key Finance & Leasing Limited (KeyFleet). Greenarc Limited, based in West Yorkshire, 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 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 fantastic team at KeyFleet for a number of years and we’re delighted to have them with us on our journey. With their focus on electric vehicles, they were 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.

“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.

“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.”