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Wakefield-based Platinum Fleet Management has been bought up by MNH Vehicle Contracts in what has been described by insiders as an "undisclosed seven figure sum".
The merger creates a new company, MNH Platinum, boasting a fleet size in excess of 10,000 vehicles.
The board of directors will be a majority of MNH directors with only Platinum sales boss Steve Barraclough elected to the board.
Barraclough said: "This is an excellent opportunity for Platinum to reach new heights. We have taken on a new name and added new resources. We will only be able to service our current clients better but we will be able to target fresh business in new areas."
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