Bain Capital And Adia To Acquire Merchants Fleet, A High-Growth Fleet Management Company, Alongside Merchants Leadership Team
Acquiring Company
Bain Capital
Acquired Company
Merchants Fleet
BostonBostonHooksettFinancial ServicesFinancial ServicesTransportationDescription
Merchants Fleet, the nation's fastest growing fleet management company, today announced that Bain Capital and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) have signed a definitive agreement to acquire Merchants Automotive Group, DBA Merchants Fleet and Merchants Auto (collectively "Merchants"). The members of the Merchants leadership team will remain in their current roles and will be co-investors in the business. Chief Executive Officer Brendan P. Keegan will also assume roles of president & chairperson. Terms of the private transaction were not disclosed.
Quick answer
Bain Capital and Bain Capital are acquiring Merchants Fleet, announced July 21, 2022. Bain Capital is based in Boston, Massachusetts, United States.
- How much did Bain Capital pay for Merchants Fleet?
- The deal value was not disclosed.
- What does Bain Capital do?
- Bain Capital, LP is one of the world's leading private investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live.
- Where are Bain Capital and Merchants Fleet based?
- Bain Capital is based in Boston, Massachusetts, United States. Merchants Fleet is based in Hooksett, New Hampshire, United States.
- Who are the decision-makers at Bain Capital?
- Fundz holds 3 contacts at Bain Capital. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Merchants Fleet?
Merchants Fleet was acquired by Bain Capital, based in Boston. The deal was reported on July 21, 2022. Bain Capital, LP is one of the world's leading private investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Bain Capital is privately held and operates in Financial Services.
When did Bain Capital acquire Merchants Fleet?
Bain Capital's acquisition of Merchants Fleet was reported on July 21, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Merchants Fleet do?
It is privately held, operating in Transportation, and is based in Hooksett.
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