A US-based investment company, Eli Global, has acquired Fleet Assist for an undisclosed sum.
The acquisition by North Carolina-based Eli Global will provide Fleet Assist with a new tranche of funding allowing it to accelerate its growth plans and continue to expand.
This follows the decision to promote Vincent St Claire (pictured) to managing director. He’s supported by chief information officer Jonathon Smith, with Chris Crow, head of network services, and Brigitte Deacon, head of finance, completing the senior management team.
Eli Global operates as ‘a federation of independent businesses’ and has expanded over the last 20 years to embrace separate business units stretching across more than 15 different market sectors - including healthcare, financial services and insurance.
The acquisition of Fleet Assist marks the group’s move into the UK automotive industry and the organisation sees the company as the cornerstone of its expansion into the sector, providing it with the ability to further develop its services and invest in new markets and businesses in the future.
St Claire said: “Fleet Assist has an exciting future. The business is growing rapidly as we aim to help our customers - vehicle leasing and rental companies - further reduce their maintenance and back office costs by using our nationwide managed network of service outlets, analysing where savings can be made and then implementing a wide variety of projects.
“The culture and ethos of Fleet Assist will remain unchanged, but with greater investment opportunities now available the business will move to a whole new level and further strengthen our relationships with existing customers.
“Fleet Assist already has a number of exciting new products and services in the pipeline that will benefit customers and the senior management team anticipates bringing them to fruition in the coming months.”