Bain Capital and ADIA completed the acquisition of Merchants Fleet.

Private equity firms Bain Capital and Abu Dhabi Investment Authority completed the acquisition of Merchants Fleet, a fleet management services provider. Financial terms were not disclosed. "The infusion of new capital affirms the merits of our core values and disruptive approach. While other providers grapple with the effects of a consolidating market—business interruption, systems integration, confusion and employee impacts—Merchants moves forward fearlessly at the vanguard of fleet and mobility with best-in-class solutions for fleet electrification, fueling technology and last mile. There's never been a better time to work for, or work with, Merchants," Brendan P. Keegan, Merchants Fleet CEO.