Cox Automotive strengthens commitment to the fleet industry with full acquisition of Dickinson Fleet Services
Jan 08, 2025•11 months ago
Acquiring Company
Cox Automotive
Acquired Company
Dickinson Fleet Services
Description
Cox Automotive's acquisition of the remainder of its industry-leading Fleet Services business from minority owners Mike Dickinson and Ted Coltrain signals a strategic reinforcement of its commitment to the fleet industry. With this move, Cox aims to further enhance its position and capabilities within the fleet services sector, building on the legacy established by the Dickinson family.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed