Ridgemont Equity Partners
Dickinson Fleet Services Acquires Truck PM Plus
August 28, 2018
High Growth Fleet Maintenance Provider Continues to Expand Service Offering and Geographic Reach
Indianapolis, IN (August 28, 2018) – Dickinson Fleet Services (DFS) is pleased to announce the acquisition of Truck PM Plus from Bridgestone Americas. With service locations in Florida, Texas, California and Illinois, Truck PM Plus is a premier truck and trailer maintenance provider offering mobile services, shop services, and dedicated on-site services. The acquisition of Truck PM Plus enables DFS to continue to expand its service area while adding additional qualified, experienced repair and maintenance technicians to its team and allowing Dickinson to continue its aggressive growth trajectory.
“Truck PM Plus has a proven track record of providing excellent services in our industry,” said Ted Coltrain and Mike Dickinson, Executive Officers, in a joint statement on behalf of DFS. “Over the years, they’ve built an elite customer base and put together a solid team of seasoned, highly skilled technicians. We couldn’t be more excited about the addition of Truck PM Plus to the DFS platform as it allows us to continue to add scale as we improve our support and service offerings to our customers.”
Truck PM Plus is a premier independent truck and trailer maintenance provider headquartered in Florida. Established in 1990 and a part of the Bridgestone Bandag family of companies since 2007, Truck PM Plus has the experience and expertise to maintain and repair all makes of diesel trucks, tractors and trailers.
Over the last few years, Truck PM Plus has expanded to seven service locations in Florida, added service locations in Texas and Arizona, begun operating dedicated facilities in Illinois and California, and laid the ground work to open several new service locations through the southeastern United States.
The acquisition of Truck PM Plus represents the third acquisition completed by DFS over the last six months and the fourth acquisition completed in partnership with Ridgemont Equity Partners since Ridgemont’s investment in Dickinson in the spring of 2017. These acquisitions have allowed DFS to significantly expand its service offerings and geographic reach, while also allowing its team members the ability to experience incredible career growth opportunities.
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 approximately $4.4 billion. The firm focuses on equity investments up to $250 million in industries in which it has deep expertise, including business and industrial services, energy, healthcare, and technology and telecommunications.