Dickinson Fleet Services, LLC
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Dickinson Fleet Services, LLC - overview
Established
1997
Location
Indianapolis, IN, US
Primary Industry
Retail
About
Dickinson Fleet Services, LLC specializes in providing comprehensive fleet management solutions, focusing on maintenance services for medium- and heavy-duty vehicles across the United States. Founded in 1997 and headquartered in Indianapolis, US, Dickinson Fleet Services, LLC operates a fleet maintenance business. The company was acquired by Ridgemont Equity Partners in April 2017 for USD 123. 4 mn, with PNC Erieview Capital participating as an equity co-investor.
The CEO, Robert Dickinson, has a background in the industry, leading the company through its operational strategies. Dickinson Fleet Services offers a range of fleet management solutions, including scheduled and unscheduled maintenance for medium- and heavy-duty vehicles. Their services include onsite mobile service units, emergency mobile maintenance, and a network of service centers aimed at improving fleet uptime and operational efficiency. The company utilizes technology-enabled technicians trained at the FleeTec Academy to address maintenance needs for diesel, gas, and electric vehicles, catering to logistics companies and businesses with substantial vehicle fleets.
The revenue model is based on service contracts and maintenance agreements with commercial fleets. The company engages in B2B partnerships, providing flexible service options that encompass one-time maintenance requests and ongoing service agreements for routine inspections and emergency repairs. Key offerings like onsite mobile services and emergency maintenance play a central role in generating steady revenue by fostering long-term client relationships. In the coming years, Dickinson Fleet Services aims to launch new service offerings and expand its presence in geographically targeted markets.
The recent funding of USD 123. 4 mn will facilitate these initiatives, enhancing operational capabilities and expanding service capacity. The acquisition in 2017 marked a pivotal moment for the company, positioning it for future growth and advancement in the fleet management sector.
Current Investors
PNC Erieview Capital, Ridgemont Equity Partners
Primary Industry
Retail
Sub Industries
Business Support Services, Automobile Repair
Website
www.dickinsonfleet.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Dickinson Fleet Services, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Diesel Minnesota Inc. | - | ||||||||
| Add-on | Completed | Interstate Truck Center | - | ||||||||
| Add-on | Completed | A1 Diesel Service | - | ||||||||
| Add-on | Completed | FleeTec® Academy | - | ||||||||
| Add-on | Completed | American Fleet Services, Inc. | - |
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Dickinson Fleet Services, LLC - employee data
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