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Synopsis
Cox Automotive, a provider of vehicle remarketing, digital marketing, and software solutions, completed the acquisition of Dickinson Fleet Services, a mobile maintenance provider for medium and heavy-duty trucks and trailers in North America, from Ridgemont Equity, a private equity firm. Financial terms were not disclosed. "Cox Automotive is building a fleet optimization marketplace designed to manage every fleet asset's complete lifecycle, and the acquisition of Dickinson Fleet Services both strengthens and diversifies Pivet's growing portfolio. The mobile repair segment will only become more significant over time, and the seamless integration of Dickinson's capabilities provides a considerable leap forward on our path to making Pivet the industry's most comprehensive fleet services resource," Joe George, Cox Automotive President.
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