Merchants Fleet, a Hooksett, NH-based fleet management company, secured $50m in growth financing.
Bain Capital Credit provided the financing.
The company intends to use the funds to further accelerate its growth trajectory across North America.
Led by Brendan P. Keegan, CEO, Merchants Fleet leverages a FleetTech model that combines processes, technology platforms, pilot programs, and a network of strategic alliances to deliver both comprehensive and innovative solutions to their clients.
The company serves businesses in virtually every industry with fleets of commercial vehicles, from 1 to over 10,000, which are being challenged to navigate the multiple driving forces behind the mobility movement which include connected vehicles, multi-modal transportation, efficiency requirements and data-driven intelligence.