SG Fleet has acquired fleet management and salary sacrifice company Fleet Hire for an undisclosed sum.

Fleet Hire, ranked at 36 in the 2015 BusinessCar BC50, employs 60 members of staff and has around 6500 vehicles on its books, while SG Fleet was ranked 44th out of 50 with a fleet size of 2250 vehicles.

Senior members of Fleet Hire’s team, including chief executive officer Graham Hale, chief operating officer Chris Joyce and sales director Nick Poole will remain with the business going forwards, the companies said in a statement.

Should the firms merge into one business in the future, it would place the company into the top half of the BC50 table.

SG Fleet said the buyout “provided it with a critical mass in the attractive UK fleet market and will create a profitable platform for future growth.”

“The integration of the two businesses in the UK extends the range of solutions we can offer our rapidly growing corporate customer base. Combining our forces is a big step forward for both businesses,” said Fleet Hire CEO Graham Hale. “It establishes a genuine platform for the combined business to build on and is a very exciting time for both of us.”

Further reading:

BusinessCar BC50 – the invaluable run-down of the top 50 leasing companies in the UK

Fleet Hire urges Government not to tamper with Salary Sacrifice schemes

Can salary sacrifice tackle the large matter of grey fleet?