Ares Management’s Ares Private Equity fund has successfully completed the acquisition of a majority interest in Epika Fleet Services. Epika specializes in mobile preventative maintenance and repair services for commercial trucking fleets.
This transaction is set to provide Epika with substantial additional capital. The infusion will enable the company to enhance the quality of its services, expand its reach into underserved geographic areas, and strengthen its position as a preferred mobile solutions provider for fleet operations.
Founded in 2016, Epika Fleet Services operates across nearly 40 states and caters to over 2,000 fleet customers. The company also manages around 20 in-shop centers throughout the United States. While specific terms of the transaction remain confidential, the deal marks a significant development in Epika's strategic growth plan.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Ares Management Corp (ARES, Financial) is $168.27 with a high estimate of $217.00 and a low estimate of $125.00. The average target implies an upside of 19.14% from the current price of $141.24. More detailed estimate data can be found on the Ares Management Corp (ARES) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Ares Management Corp's (ARES, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ares Management Corp (ARES, Financial) in one year is $131.41, suggesting a downside of 6.96% from the current price of $141.24. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ares Management Corp (ARES) Summary page.
