Velcor Leasing Corporation, based in Madison, WI, is a Wisconsin-based vehicle leasing and fleet management company specializing in managing mid-sized vehicle fleets. The Company is an industry leader known for its ability to provide the highest level of attention and customized service while maintaining the flexibility to tailor programs specific to its blue-chip customer base. Velcor leases and manages vehicles throughout the United States and Canada.

BBL Fleet, based in Pittsburgh, PA, is a family-owned leasing company with a rich heritage of growth and providing its clients with high-quality service.

“The acquisition represents a tremendous advantage for Velcor and our clients. From our earliest conversations, it was clear BBL Fleet shares our deep focus on service, integrity, and client relationships. We are confident this partnership will unlock new opportunities to enhance our capabilities and the level of service we provide,” said Mike Eggers, President of Velcor.

“We are excited about the growth and long-term value this partnership creates. By combining our strengths and mutual commitment to clients, we are well positioned to pursue sustained growth in this business segment and region,” said Bud Behling, President & CEO of BBL Fleet.

“We ran a full-scale process, contacting numerous buyers, and BBL Fleet emerged as the clear choice as the best buyer and best fit. We are honored to have worked with the Velcor team and to lead the process of transitioning ownership of the business to a buyer who will build upon the culture and legacy that has been carefully cultivated,” said Taylor Kotke, Managing Director at Emory & Co.