American Fleet Services, Inc.

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American Fleet Services, Inc. - overview

Established

2002

Location

Baltimore, MD-Maryland, US

Primary Industry

Retail

About

American Fleet Services, Inc. specializes in providing maintenance solutions and services for medium- and heavy-duty fleets across the U. S. , ensuring optimal fleet performance through a network of mobile service units and skilled technicians.


Founded in 2002 and headquartered in Baltimore, US, American Fleet Services, Inc. offers maintenance services for fleet operators. The company was acquired by Dickinson Fleet Services, LLC in June 2019 as part of a strategic move to enhance service offerings. Fleet Services by Cox Automotive provides a comprehensive suite of maintenance solutions tailored for medium- and heavy-duty fleets across the United States.


The company specializes in scheduled and unscheduled maintenance, emergency mobile service, and onsite repairs through a network of over 750 mobile service units staffed by more than 1,000 trained technicians. Their core offering includes the FleeTec Academy, an entry-level Technician Development Program designed to cultivate skilled technicians capable of addressing the technician supply shortage in the diesel, gas, and electric vehicle (EV) sectors. By employing technology-enabled technicians and implementing holistically managed maintenance programs, Fleet Services aims to maximize fleet uptime and enhance operational efficiency for clients such as Cox Automotive and other technology companies. The geographical markets served encompass nationwide coverage across diverse sectors, ensuring that fleets maintain optimal performance regardless of location.


Fleet Services by Cox Automotive generates revenue primarily through service contracts and maintenance agreements with business clients. The company operates on a B2B model, providing direct services to fleet operators rather than individual consumers. Revenue streams include subscriptions for ongoing maintenance services, emergency repair services, and fees associated with the training programs offered through the FleeTec Academy. Transactions typically involve service agreements that outline specific service levels and response times, thereby ensuring predictable revenue through contractual obligations.


Clients, which include large corporations operating extensive fleets, benefit from customized pricing structures that cater to their operational needs, contributing to the company's financial stability and growth potential. Looking ahead, American Fleet Services, Inc. plans to enhance its service offerings and expand its reach in the fleet maintenance sector. Recent funding from Dickinson Fleet Services will be utilized to support the development of new product lines, particularly in advanced training programs and technology integration into service processes.


The company is targeting expansion into additional geographic markets in the Midwest and Southwest regions by late 2023, aiming to increase its customer base and operational capabilities.


Current Investors

Dickinson Fleet Services, LLC

Primary Industry

Retail

Sub Industries

Automobile Repair, Systems Management Software

Website

www.afstrailers.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

American Fleet Services, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedAmerican Fleet Services, Inc.-

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American Fleet Services, Inc. - employee data

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