Jaama, a fleet management fintech, has announced the acquisition of the business by a group of investors led by Andrew Holgate for an undisclosed sum as Jaama celebrates its 19th anniversary.

Andrew Holgate takes over as chief executive after his investment group acquired Jaama. CEO Jason Francis who originally set up Jaama in 2004 will leave the business after a six-month handover and will remain an investor in the company. Holgate is joined by Paul Waterhouse who enters as CFO.

Martin Evans will remain as MD.

Evans and his current executive team of Michelle Morgan, Stuart Mills and James Thresher will continue to run Jaama, which currently employs around 120 people.

Evans said: “This is an exciting time for Jaama, its colleagues and customers. Andrew and his investment team have a passion for growing medium-sized businesses that will help us take Jaama to the next level.

“I’m really pleased that Andrew and his investment group have acquired the business rather than being taken over by a competitor or a private equity investor. We will continue with our customer-focused ethos supported by ongoing investment in our class-leading Key2 platform.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Mann Island Finance pivots to motor finance as it hits £1bn milestone

Deal Focus: CMA weighs remedies to LKQ and Uni-Select $2.8bn deal