Add-on Acquisition • Business Services

Fleet Team Acquires Forklift Training Systems

On April 3, 2024, Fleet Team acquired business services company Forklift Training Systems

Acquisition Context

This is Fleet Team’s 1st transaction in the Business Services sector.
This is Fleet Team’s 1st transaction in the United States.
This is Fleet Team’s 1st transaction in Ohio.

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M&A Deal Summary
Date	April 3, 2024
Target	Forklift Training Systems
Sector	Business Services
Buyer(s)	Fleet Team
Deal Type	Add-on Acquisition

Target Company

Forklift Training Systems

Newark, Ohio, United States

Forklift Training Systems provides OSHA-compliant safety training for operators and trainers of material handling equipment and mobile elevating work platforms, along with an extensive supply of safety products. Forklift Training Systems was founded in 1998 and is based in Newark, Ohio.

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Buyer Overview 1

Buyer

Fleet Team

Independence, Ohio, United States

Category	Company
Founded	2012
Sector	Business Services

DESCRIPTION

Fleet Team is a fleet management consulting company in the material handling industry, with 625+ client sites, 300+ supplier relationships and 25K globally managed assets. Fleet Team specializes in cost-saving initiatives and real-time data analytics through streamlined vendor management and implementation of efficient and sustainable practices. Fleet Team was founded in 2012 and is based in Independence, Ohio.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Business Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Ohio	1 of 1
Country: United States	1 of 1
Year: 2024	1 of 1

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