Stonepeak completed the acquisition of Fleet Equipment.

Stonepeak, an alternative investment firm specializing in infrastructure and real assets, completed the acquisition of Fleet Equipment, a regional trailer dealership and leasing company. Financial terms were not disclosed. “Fleet is a high-quality operator with strong customer relationships. We have full confidence in John Wilbur and Erek Starnes, two industry veterans with whom we are partnering to grow this platform, and are optimistic about Fleet’s ability to continue to grow and deliver for its customers,” Graham Brown, Managing Director at Stonepeak.