Private equity firm Brightstar Capital Partners has acquired a majority stake in Amerit Fleet Solutions, with an expansion strategy designed to help the company match e-commerce demands.
Amerit is a provider of outsourced fleet maintenance across the United States, leveraging its nationwide infrastructure, including mobile maintenance solutions, to provide integrated services to customers. The company's technicians and managers provide customized service programs to over 150,000 vehicles to improve clients' fleet uptime, safety, and reliability.
"Transportation, logistics and the demand for safe, reliable fleets are ever increasing with e-commerce and decentralized business models, and we are excited to partner with Amerit as they continue to capitalize on these megatrends," said Matthew Allard, partner at Brightstar.
The acquisition was made by Brightstar in partnership with the company’s co-founders who lead the senior management team.
"We are thrilled to partner with Amerit as it continues to provide premium service to blue-chip customers around the country," said Dr. Raul Deju, partner at Brightstar. "The company has earned its trusted reputation in the industry by always putting customers' needs first, and we are excited to build on that success and aim to reach new heights."
Terms of the private transaction were not disclosed.
"Since we founded Amerit over a decade ago, the company has worked hard to become a nationwide leader in fleet maintenance and repair services," said Amein Punjani, co-founder and COO of Amerit. "The Brightstar team's operational expertise in the fleet management and supply chain worlds will enhance our ability to provide our customers with mission critical services and support."
Originally posted on Automotive Fleet