Cox Automotive completed the acquisition of FleetNet America from ArcBest for $100m.

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.