Aurelius buys BT Fleet Solutions from BT Group

BT Fleet Solutions has been sold to private equity group Aurelius Equity Opportunities for an undisclosed sum.

BT Fleet Solutions offers fleet management services and has a network of 65 in-house garages, 500 partner facilities and 50+ mobile technicians.

Established in 2002, BT Fleet Solutions employs around 950 staff around the UK, and manages more than 80,000 vehicles for over 26 blue chip customers across diversified industries.

Aurelius will work with BT Fleet Solutions’ management team to invest in key business areas – such as heavy goods vehicles, accident management and vehicle funding, as well as continuing to work with clients including former parent company, BT, and its legally separate Openreach business.

Dr Dirk Markus, Group-CEO and chairman of the executive board of Aurelius, said: “This acquisition is a further example of Aurelius’ specialism in acquiring non-core divisions that have been carved out of large corporates, and are in need of operational support to transform them into standalone, sustainable organisations.

“BT Fleet Solutions is a strong business with a high calibre customer base. We look forward to working with management to ensure a smooth transition in the coming months, positioning the company as an independent entity that is ready to capture the significant growth opportunity available in the UK market.”

He continued: “This is another exciting development for Aurelius this year, following our recent sale of Solidus Solutions, our largest exit to date. This deal is a demonstration of our continued interest in the UK market, which presents a number of compelling opportunities for us as a result of the ongoing economic and political uncertainty that has arisen out of Brexit.”