SHAKE: GE Capital bag Personal Group deal
Employee benefits and financial services specialist Personal Group are outsourcing all of their fleet operations to GE Capital’s Fleet Services division.
The Milton Keynes-based company are moving from an internal outright purchase policy to the contract purchase-based arrangement with GE Capital, covering 70 vehicles.
A comprehensive range of fleet services including driver contact, accident management, driver licence checking, daily rental and fuel cards are featured in the deal.
Phil Yates, Operations Director at Personal Group, said: “We went through a comprehensive review programme with both GE Capital and an independent fleet consultant to look at the optimum direction for our fleet to take in the future and we believe that we have arrived at the best result.
“The new outsourced arrangement is designed to meet all our employee transport and benefit needs while ensuring that we satisfy and exceed all legal responsibilities and minimise costs.
“It was a challenging brief but one that we are confident GE Capital met and exceeded.”
Personal Group were established in 1984, floated on AIM in 2000 and have their head office in Milton Keynes.
They offer a range of employee benefit, insurance and financial planning services, employ more than 175 people and have annual revenues of £27million.
Gary Killeen, Fleet Services Commercial Leader for GE Capital UK, said: “We are delighted to welcome Personal Group as a customer.
“They are a highly professional and progressive organisation with a proactive attitude to their fleet and we are looking forward to working with them in the years ahead.”
Image courtesy of Johan Larsson, with thanks.