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Ridgemont Equity Partners
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Dickinson Fleet Services Increases Footprint in South Florida

October 16, 2018

Dickinson Fleet Services (“Dickinson” or “DFS”) is pleased to announce the acquisition of Fleet Technology & Maintenance Corporation (“FTM”) and Truck City Body Company, continuing Dickinson’s rapid growth trajectory and further solidifying the company’s position in the south Florida fleet services market.  Dickinson Fleet Services, along with majority shareholder Ridgemont Equity Partners, announced the acquisition on October 16, 2018. The acquisition will position Dickinson Fleet Services as one of the largest independent truck repair and fleet management companies in south Florida and add to the company’s growing national presence.

“We are very excited to have the opportunity to expand our service offering in the South Florida market,” said Ted Coltrain and Mike Dickinson, Executive Officers, in a joint statement on behalf of DFS. “Since entering this market eight years ago, we have recognized Fleet Technology & Maintenance Corporation as being an outstanding provider with a strong reputation for providing exceptional service.  Sergio Aguirre, President of FTM, and his team have developed a strong reputation for providing their customers with outstanding communication and high-quality service in the safest and most reputable manner, which is in complete alignment with our core principles.”

Fleet Technology and Maintenance Corporation is one of the largest independent truck repair and fleet management companies in south Florida offering both mobile on-site services and shop services. “Our entire team at FTM is very excited for this opportunity to formally partner with the growing team at Dickinson Fleet Services.  Together, we are positioned to bring tremendous value and scale to the south Florida market and better serve our customers,” said Sergio Aguirre, President, Fleet Technology & Maintenance Corporation.  Sergio Aguirre will join Dickinson Fleet Services bringing his years of experience to provide a vital leadership role in the Florida market.

Truck City Body Company offers a variety of collision repair and paint services for all heavy trucks, commercial buses and trailers.  The company has been serving the south Florida fleet community for over 25 years. “In addition to the acquisition of FTM, we are excited to expand our services of collision repair along with paint and refurbishment service to our customers in south Florida.  Truck City Body Company has a state-of-the-art facility with outstanding employees and complements the other commercial body shop facilities within Dickinson Fleet Services,” said Ted Coltrain and Mike Dickinson.

The acquisition of Fleet Technology Maintenance Corporation and Truck City Body Company represents the sixth acquisition completed by DFS 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 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.