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New Deal


Announced

Completed

Wheels completed the merger with Donlen in a $5bn deal.

Financials

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Transaction Value£3,636m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

Majority

Friendly

Completed

Merger

Single Bidder

Domestic

Third Party Logistics (3PL)

fleet leasing

fleet management

United States

Synopsis

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Wheels, an automotive fleet leasing and management company, completed the merger with Donlen, a full service fleet management company, in a $5bn deal. “Since inception, Wheels has prided itself on providing solutions to meet the evolving needs of our clients. I am incredibly proud of what our team has achieved, and I am equally impressed by the reputation Donlen has built as a fleet manager. Today’s announcement is just the beginning of an exciting journey ahead for these companies." Dan Frank, Wheels CEO.

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