Amerit Fleet Solutions partners with investment firm

Amerit Fleet Solutions has partnered with New Mountain Capital, a leading growth-oriented investment firm. 

Amerit, founded in 2010, is an industry-leading provider of preventative maintenance and repair services for commercial fleets across the United States. The company offers exceptional service quality, managing all aspects of fleet maintenance operations with bespoke solutions that maximize the performance and reliability of its customers’ mission-critical assets.

Under the partnership, New Mountain’s growth-oriented majority investment will support Amerit’s continued expansion as the company builds upon its nationwide footprint and furthers its mission of providing cost-effective maintenance solutions for a broader range of fleet customers.

Today, Amerit’s team of more than 2,500 dedicated field technicians help support more than 300,000 customer assets across all 50 states.

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"Our partnership with New Mountain Capital supports Amerit in its continued mission to deliver high-quality fleet maintenance services and expertise to our growing base of clients,” says Dan Williams, co-founder and CEO of Amerit. "We’re eager to begin this next chapter at our company, led by our strong foundation of technical talent, to deliver quality service and strong customer ROI."

“New Mountain’s backing will strengthen Amerit’s ability to make targeted investments in talent, technology, and service delivery,” adds Amein Punjani, co-founder and COO of Amerit. “We are similarly thrilled that our current investor base has reinvested with us, and this continued partnership will allow for seamless execution of ongoing operational innovation.”

“We have long been impressed by Amerit and the unique culture and exceptional talent base that Dan and Amein have built since founding the business,” adds William Haley, director, and Robert Mulcare, managing director of New Mountain Capital. “We are excited to collaborate with Amerit’s management team to drive continued operational excellence, build upon existing client relationships, accelerate organic growth through various expansion initiatives, and support management in executing strategic acquisitions.”

Brightstar Capital Partners, a middle market private equity firm focused on partnering with families, founders, entrepreneurs, and management teams, will remain a minority shareholder alongside New Mountain Capital. New Mountain has more than $55 billion in assets under its management.

"We are proud of our partnership with the talented team at Amerit and the tremendous growth they’ve achieved over the past four years," says Mike Singer, Partner of Brightstar Capital Partners. "We are confident that Amerit is poised for continued success and look forward to participating as an investor throughout the Company’s next chapter."

Amerit and its existing investors were advised by Moelis & Company as lead financial advisor, Jefferies LLC as financial advisor, and Kirkland & Ellis LLP as legal counsel. Ropes & Gray served as legal counsel to New Mountain Capital.

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