Amerit Fleet Solutions has partnered with New Mountain Capital, an investment firm with over $55 billion in assets under management. The New York-based firm's majority investment will support Amerit’s continued growth as the company expands upon its nationwide footprint and furthers its mission of providing cost-effective maintenance solutions for a broader range of fleet customers.
Middle-market private equity firm Brightstar Capital Partners will remain a minority shareholder alongside New Mountain Capital.
“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,” said 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.”
“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," added Amein Punjani, co-founder and COO of Amerit.
Amerit’s team is made up of more than 2,500 field technicians supporting over 300,000 customer assets across the U.S.
“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,” said 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.”
