- Ares Management acquires a majority stake in Epika Fleet Services, enhancing its portfolio in the commercial fleet maintenance sector.
- Epika Fleet Services operates in nearly 40 states with over 2,000 fleet customers and employs more than 550 mobile technicians.
- The acquisition aims to boost Epika's capital, allowing expansion into underserved markets and strengthening its position in mobile solutions.
Ares Management (ARES, Financial), a global alternative investment manager, has announced the acquisition of a majority stake in Epika Fleet Services, Inc. Epika is renowned for providing mobile-focused preventative maintenance and repair services to commercial trucking fleets. This strategic acquisition is set to provide Epika with significant capital to expand its service offerings and customer base while reinforcing its role as a leading provider of mobile solutions for fleet operators.
Founded in 2016, Epika Fleet Services has rapidly scaled its operations and now services over 2,000 fleet customers across nearly 40 states. Their team comprises over 550 skilled technicians who perform mobile services, complemented by approximately 20 in-shop centers that offer a hybrid model for more complex repairs or emergencies.
The financial details of the transaction were not disclosed, but the acquisition will support Epika's strategy to extend its reach into underserved geographical areas. Ares Management views this move as part of a broader strategy to leverage high-demand, mobile-first business models in growth-oriented sectors. Ares Management's investment in Epika is expected to accelerate the latter's market expansion and service delivery, aligning with growing industry trends towards reducing operating complexity and boosting fleet productivity.
Ares Management (NYSE: ARES) continues to iterate its private equity strategy by investing in companies with growth potential, demonstrating an ongoing commitment to sectors where operational efficiencies and mobile-service capabilities meet market demand.
