Amerit Fleet Solutions, Inc.

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Amerit Fleet Solutions, Inc. - overview

Established

2010

Location

Walnut Creek, CA, US

Primary Industry

Automobiles, Other Vehicles & Parts

About

Amerit Fleet Solutions, Inc. is a US-based company specializing in comprehensive fleet maintenance and repair services to enhance operational efficiency and vehicle uptime across a variety of sectors. Amerit Fleet Solutions, Inc. provides fleet maintenance and repair services tailored to meet diverse client needs.


Founded in 2010 in Walnut Creek, US, the company has executed a total of 4 deals, with its most recent deal occurring on January 28, 2025. The firm was acquired by New Mountain Capital and its management from Brightstar Capital Partners, although financial terms were not disclosed. Amerit Fleet Solutions specializes in comprehensive fleet maintenance and repair services designed to enhance the operational efficiency of various vehicle types. Their core offerings include Electric Vehicle (EV) fleet maintenance, EV charger maintenance, mobile fleet services, on-site fleet services, and fleet service centers.


The company addresses specific client needs by offering tailored maintenance solutions for Battery Electric Vehicles (BEV), Internal Combustion Engine (ICE) vehicles, Compressed Natural Gas (CNG), Hydrogen Fuel Cell, Hybrid vehicles, trailers, and material handling equipment. With a nationwide presence, Amerit ensures minimized downtime and maximized safety and compliance for logistics companies and transportation firms across the United States. Amerit Fleet Solutions generates revenue primarily through service agreements and contract-based partnerships with clients. These transactions typically involve comprehensive maintenance contracts, ensuring that fleets remain operational and compliant with safety standards.


Pricing models are structured around service contracts, which can include scheduled maintenance, emergency repairs, and specialized services for EVs. The company's extensive network of Fleet Service Centers and mobile service centers supports operational efficiency and enhances client satisfaction, particularly in EV maintenance, catering to the growing market segment focused on electrification and sustainability in fleet operations. In January 2025, the acquisition by New Mountain Capital is positioned to bolster Amerit Fleet Solutions’ growth and expansion plans. The company aims to introduce new products and services in upcoming years, with specific details yet to be disclosed.


As part of its strategy, Amerit plans to expand into new geographic markets, although specific locations have not been announced. The recent funding is expected to support these initiatives, helping to drive the company's growth trajectory.


Current Investors

Brightstar Capital Partners, Seacoast Capital

Primary Industry

Automobiles, Other Vehicles & Parts

Sub Industries

Automobile Repair, Automobiles, Other Vehicles & Parts

Website

www.ameritfleetsolutions.com

Company Stage

Mature

Total Amount Raised

Subscriber access only

Amerit Fleet Solutions, 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-onCompletedDerotic LLC-
Add-onCompletedVector Fleet Management-
Secondary BuyoutCompletedAmerit Fleet Solutions, Inc.-
Secondary BuyoutCompletedAmerit Fleet Solutions, Inc.-
Secondary BuyoutCompletedAmerit Fleet Solutions, Inc.-

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