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 200,388 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 40
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 4
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
Mergr

Product

Company

Legal