Amerit Fleet Solutions Acquires Vector Fleet Management

[Stay on top of transportation news: Get TTNews in your inbox.]

Amerit Fleet Solutions has acquired fleet maintenance and parts management services company Vector Fleet Management, the company announced Feb. 28.

Vector provides services tailored to fleet operations of government clients and heavy-industrial settings. The company will continue to serve these segments under its brand name. Amerit said the acquisition furthers its mission of delivering nationwide customer service with dedicated field technicians.

RELATED: Amerit partners with New Mountain Capital

“We are excited to welcome Vector Fleet Management to the Amerit family,” co-CEOs Dan Williams and Amein Punjani said. “This acquisition enhances our ability to deliver comprehensive, end-to-end fleet solutions to a broader range of customers. By integrating Vector’s specialized services with our own, we can provide a unified approach that meets the diverse needs of our clients, from fleet maintenance and management to parts procurement.”

Vector and its investors were advised by Anderson LeNeave & Co. Amerit is backed by New Mountain Capital. The firm currently manages private equity, strategic equity, credit and net lease real estate investment strategies with more than $55 billion in assets under management.

“We are proud of the strong market reputation that we have earned over Vector’s 35-year history, and we are excited about the opportunities that this partnership with Amerit presents,” Vector CEO James Overstreet said. “Amerit and Vector’s joining of forces strengthens our ability to deliver innovative fleet solutions while continuing to focus on the safety, high standards of service and reliability that our customers have come to expect.”

Want more news? Listen to today’s daily briefing below or go here for more info:

More Content About: