Announced
Completed
Financials
Tags
fleet maintenance
Friendly
Single Bidder
United States
Acquisition
Domestic
Majority
Completed
Auto Services
Private
Synopsis
Cox Automotive, an automotive services and technology provider, completed the acquisition of FleetNet America, a third-party maintenance management company, from ArcBest, a supply chain logistics company, for $100m. "The market leadership that comes with this joining of our two companies is unmatched in the fleet space. Empowered by our combined decades-long legacy, best-in-class customers and service provider networks, and industry expertise, we're disrupting the status quo and leading the fleet future – but not in the breakdown business – in the problem-solving business," Steve Rowley, Cox Automotive President.
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