Amerit Fleet Solutions Acquires Vector Fleet Management to Expand Service Offering and Broaden Fleet Management Capabilities

WALNUT CREEK, Calif. & CHARLOTTE, N.C.--(BUSINESS WIRE)--Amerit Fleet Solutions (“Amerit”), a leading provider of dedicated, custom-built fleet maintenance, repair, and management services for commercial fleets, today announced the acquisition of Vector Fleet Management (“Vector”), a premier provider of fleet maintenance and parts management services, specializing in state and local government and heavy industrial fleets. The acquisition of Vector furthers Amerit’s mission of delivering exceptional customer service with dedicated field technicians across all 50 states.

Amerit Fleet Solutions expands its portfolio of service offerings with this strategic acquisition. Vector Fleet Management has long been recognized for its excellence in providing services tailored to the complex fleet operations of government clients and heavy industrial settings, offering valuable expertise in fleet asset management, onsite parts management programs, and the maintenance of emergency response vehicles and heavy industrial assets. Vector Fleet Management will continue to serve these specialized segments under its trusted brand name, led by Aubrey Felton, EVP of Vector Government, an eight-year veteran of the company.

“We are excited to welcome Vector Fleet Management to the Amerit family,” said Dan Williams and Amein Punjani, co-CEOs of Amerit Fleet Solutions. “This acquisition enhances our ability to deliver comprehensive, end-to-end fleet solutions to a broader range of customers. By integrating Vector’s specialized services with our own, we can provide a unified approach that meets the diverse needs of our clients, from fleet maintenance and management to parts procurement.”

“We are proud of the strong market reputation that we have earned over Vector’s 35-year history, and we are excited about the opportunities that this partnership with Amerit presents,” said James Overstreet, CEO of Vector Fleet Management. “Amerit and Vector’s joining of forces strengthens our ability to deliver innovative fleet solutions, while continuing to focus on the safety, high standards of service, and reliability that our customers have come to expect.”

Vector and its investors were advised by Anderson LeNeave & Co. as exclusive financial advisor.

Amerit is backed by New Mountain Capital, a New York-based investment firm that emphasizes business building and growth, rather than excessive risk, as it pursues long-term capital appreciation. The firm currently manages private equity, strategic equity, credit, and net lease real estate investment strategies with over $55 billion in assets under management.

About Amerit Fleet Solutions

Amerit's trusted and respected team of fleet maintenance professionals leverages a nationwide infrastructure, including mobile maintenance solutions, to provide custom-built maintenance programs for our customers, wherever and whenever they are needed. Our team of highly skilled technicians and managers provide customized maintenance and repair programs to over 300,000 vehicles to improve clients' fleet uptime, safety, and reliability. Amerit's comprehensive and innovative service solutions, driven by core values of partnership and integrity, deliver peace-of-mind to customers while keeping their assets on the road anywhere across the country. For more information, please visit www.ameritfleetsolutions.com.

About Vector Fleet Management

Based in Charlotte, North Carolina, Vector Fleet Management is a national service provider of comprehensive fleet maintenance and parts management specializing in a diverse range of vehicles and equipment, allowing us to deliver custom solutions. Vector Fleet Management’s clients include government agencies, private enterprises, utility services and warehousing operations, enabling us to effectively manage extensive vehicle and equipment requirements effectively. For additional information, please visit vectorfleet.com.