Bain Capital and ADIA to Acquire Merchants Fleet, a High-Growth Fleet Management Company, Alongside Merchants Leadership Team
New Ownership Signals Focus on Market Expansion for Fastest-Growing Fleet Management Company, Fueled by Technology and Adoption of Electric Vehicles Amid Fleet Management Industry Consolidation, Merchants Will Continue to Operate Independently, Executing Against Strategy That Has Driven 5X Topline Growth Over the Last Four Years HOOKSETT, N.H.