The new investments from Element and Ridgemont Equity Partners looks to enable Amerit Fleet to develop its service offerings for fleets, which focuses on fleet maintenance and repair.  -

The new investments from Element and Ridgemont Equity Partners looks to enable Amerit Fleet to develop its service offerings for fleets, which focuses on fleet maintenance and repair.

Amerit Fleet Solutions closed a minority investment from Element Fleet Management Corp., which will expand its maintenance services for customers of the fleet management company.

This investment also seeks to expand Amerit's geographic reach for Element, according to the company. Amerit also closed a majority investment from Ridgemont Equity Partners, a middle market private equity firm. Financial terms of the transaction, which closed in the first quarter of 2018, were not disclosed.

The new investments from Element and Ridgemont Equity Partners will enable Amerit to expand its maintenance and repair services for fleets.

Amerit is a provider of outsourced fleet maintenance services for Class 2 through Class 7 vehicles and other critical equipment.

About the author
Staff Writer

Staff Writer

Editorial

Our team of enterprising editors brings years of experience covering the fleet industry. We offer a deep understanding of trends and the ever-evolving landscapes we cover in fleet, trucking, and transportation.  

View Bio
0 Comments