Bud Behling Leasing d/b/a BBL Fleet, a Pittsburgh, PA based fleet management company (FMC), acquired Velcor Leasing Corporation of Madison through a Stock Purchase Agreement (SPA).
The merger brings together two nationally respected fleet management companies with aligned values, complementary offerings, and a shared dedication for client success. Combined, BBL Fleet and Velcor represent more than a century of fleet management expertise across North America.
Velcor’s established Midwest presence expands BBL Fleet’s geographic reach, while BBL Fleet’s operational scale and ongoing technology investments strengthen its position as an industry leader.
BBL Fleet President & CEO Bud Behling said: ” 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.”
Integration will be executed with a disciplined, client-first approach, leveraging the experience of both teams to ensure seamless continuity.
Velcor President Mike Eggers said: “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.”
