Ridgemont Equity Partners
Dickinson Fleet Services Acquires Fleet Enterprises
May 1, 2018
INDIANAPOLIS, IN (May 1, 2018) - Dickinson Fleet Services is pleased to announce the acquisition of Fleet Enterprises with operations in Michigan, Ohio, Indiana, Pennsylvania and Tennessee. Dickinson Fleet Services, along with majority shareholder Ridgemont Equity Partners, announced the acquisition on April 5, 2018. The acquisition will expand and enhance mobile trailer repair services offered by Dickinson Fleet Services. The acquisition also provides a complement of new assets, giving Dickinson Fleet Services additional resources to service its national customer base.
“The acquisition of Fleet Enterprises will further add to our nationwide footprint of mobile service technicians. Furthermore, it provides us a service and technology platform that will enable us to provide a superior level of semi-trailer repair service for our customers. The combination of a great team, superior technology and outstanding customers makes this an incredible opportunity to further our goal of being the industry leader in Innovation and Gold Standard Customer Service,” said Ted Coltrain and Mike Dickinson, Executive Officers, in a joint statement on behalf of Dickinson Fleet Services.
Since 2007, Fleet Enterprises has provided on-site semi-truck and trailer maintenance, repair and documentation services to the transportation industry. Fleet Enterprises utilizes innovative information technology to empower mobile technicians and field personnel in the data collection process, so customers can count on real-time information. Fleet Enterprises shares a similar culture and dedication to innovation and maintenance excellence as Dickinson Fleet Services. The addition of the Fleet Enterprises team and resources will complement Dickinson Fleet Services and provide an expanded presence in the represented markets and throughout Dickinson Fleet Services’ current footprint.
Jim Parent, President of Fleet Enterprises, and John Morningstar, Executive Vice President of Business Development of Fleet Enterprises, will join Dickinson Fleet Services and lead the Mobile Trailer Repair business.
“This formal partnership and the acquisition of Fleet Enterprises by Dickinson Fleet Services will allow us to expand our customer reach nationally. Our entire team could not be more excited about this opportunity and merging with the Dickinson Fleet Services organization,” said Jim Parent, President of Fleet Enterprises.
About Dickinson Fleet Services
Headquartered in Indianapolis, Indiana, Dickinson Fleet Services has grown into one of the largest independent fleet maintenance and management companies in the country. DFS is the leading provider of on-site mobile maintenance and repair services nationwide, offering mobile on-site maintenance and repair services for light, medium and heavy duty trucks and trailers with over 300 mobile units operating in 40 states. DFS services fleet customers with 15 company-owned maintenance facilities each offering select services from accident repair, paint, refurbishment and dedicated technician services, combined with an in-house CARES CALL center providing 24/7 repair assistance. DFS has made significant investments in training and technology, including WebWrench® (maintenance tracking and scheduling through proprietary technology) and TRAIT® (real-time reporting and dynamic preventative maintenance inspections processed through a proprietary field service application), and is the only fleet services company in the nation to provide both fleet maintenance and management to its customers nationwide.
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont’s most recent flagship fund, REP III, was formed in 2018 and has $1.65B of committed capital.