Ridgemont Equity Partners
Dickinson Fleet Services Acquires Outsource Fleet Services
June 28, 2018
Indianapolis, Indiana (June 28, 2018) - Dickinson Fleet Services (“Dickinson” or “DFS”) is pleased to announce the acquisition of Outsource Fleet Services with operations in Chicago, Columbus, Atlanta, Dallas/Fort Worth and Southern California. The acquisition will allow DFS to expand on-site mobile fleet services and provide a complement of new shop facilities. Dickinson is a portfolio company of Ridgemont Equity Partners.
“Outsource Fleet Services has a longstanding reputation as a high-quality service provider in the industry. We are very excited to welcome Outsource Fleet Services to our team, who, like Dickinson, is a leader in innovation and provides customers customized on-site and mobile fleet maintenance solutions,” said Executive Officers Ted Coltrain and Mike Dickinson in a joint statement on behalf of Dickinson Fleet Services.
“Outsource Fleet Services is excited for the opportunity to join the growing team at Dickinson,” said Matthew Leffler, Vice President of Business Development and son of former owner Greg Leffler. “For over 25 years, we have worked tirelessly to provide affordable, timely, and quality service to our customers across the United States. We saw these values reflected in Dickinson. Together, we are positioned to bring tremendous value and scale to the industry and better serve our customers."
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.