M&A Deal Summary

Stonepeak Acquires Fleet Companies

On November 18, 2024, infrastructure investor Stonepeak acquired business services company Fleet Companies

Acquisition Highlights
  • This is Stonepeak’s 3rd transaction in the Business Services sector.
  • This is Stonepeak’s 22nd transaction in the United States.
  • This is Stonepeak’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2024-11-18
Target Fleet Companies
Sector Business Services
Buyer(s) Stonepeak
Deal Type Buyout (LBO, MBO, MBI)

Target

Fleet Companies

Memphis, Tennessee, United States
Fleet Companies is a regional trailer dealership and leasing company. Fleet Companies is based in Memphis, Tennessee.

Search 201,771 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Stonepeak

Investor Investor Investor Investor Investor

Category Infrastructure
Founded 2011
PE ASSETS 57.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.

DEAL STATS #
Overall 40 of 41
Sector (Business Services) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Tennessee) 1 of 1
Country (United States) 22 of 22
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Atsg

Wilmington, Ohio, United States

Atsg is a provider of aircraft leasing and cargo and passenger air transportation solutions for both domestic and international air carriers, as well as companies seeking outsourced airlift services. Atsg was founded in 1980 and is based in Wilmington, Ohio.

Buy $3.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-16 Forgital

Vicenza , Italy

Forgital manufactures seamless rolled rings in rectangular or profiled sections, as well as assembled fan modules, covering the largest range of sizes. It specializes in forging rolled rings, with technologically advanced capabilities across a broad range of materials, including titanium, nickel and cobalt alloys, carbon steel, alloy steel, stainless steel and aluminum. The company's Compact Supply Chain simplifies the production process of its customers through an integrated system of technologies and services that encompasses all the steps of the project: from the pre-processing to the post-processing phase (including finishing, welding, and macroetching). Forgital was founded in 1873 and is based in Vicenza, Italy.

Buy -
Mergr

Product

Company

Legal