BIRMINGHAM, Ala. – Fleetio announced the acquisition of Auto Integrate, a leading maintenance authorization platform. The company announced simultaneously the successful closing of over $450 million to finance the acquisition, valuing the combined business at over $1.5 billion. The round was co-led by existing Fleetio investor Elephant and new investor Growth Equity at Goldman Sachs Alternatives.
This strategic union creates a platform designed with customer-centricity to serve fleet operators of all sizes across North America. The combined entity will service over 8 million vehicles and process more than 13 million repair orders per year through its network of 110,000+ repair shops across the United States, Canada, and Mexico.
"This acquisition is transformative for our ability to equip customers with the simplest and most efficient solution for fleet maintenance and management," said Jon Meachin, CEO of Fleetio. "By bringing together Fleetio's comprehensive fleet optimization capabilities with Auto Integrate's specialized maintenance authorization network, we're creating a truly customer-focused, end-to-end solution that addresses the most critical pain points fleet operators face today.”
“From day one, our focus has been on one simple question: how can we create the most value for our customers?” said Fleetio Founder and Board Chair, Tony Summerville. “Bringing Fleetio and Auto Integrate together is a game-changer for both fleets and repair shops, ensuring a seamless, more connected maintenance experience. Whether a shop does a little or a lot of fleet business, this combination eliminates friction and makes it easier than ever for shops to work with more fleets.”
Auto Integrate's software enables repair shops to electronically submit repair orders for approval, dramatically reducing vehicle downtime and improving operational efficiency. This capability will fully integrate with Fleetio's comprehensive platform.
"Our customers have consistently asked for a more integrated approach to maintenance management," said Terry Bartlett, CEO of Auto Integrate, who will join Fleetio's executive leadership team. "By joining forces with Fleetio, we're able to deliver exactly what they need – a unified platform that eliminates communication barriers between fleet operators and repair facilities, and ultimately keeps vehicles on the road longer at lower costs."
This strategic union creates a platform designed with customer-centricity to serve fleet operators of all sizes across North America. The combined entity will service over 8 million vehicles and process more than 13 million repair orders per year through its network of 110,000+ repair shops across the United States, Canada, and Mexico.
"This acquisition is transformative for our ability to equip customers with the simplest and most efficient solution for fleet maintenance and management," said Jon Meachin, CEO of Fleetio. "By bringing together Fleetio's comprehensive fleet optimization capabilities with Auto Integrate's specialized maintenance authorization network, we're creating a truly customer-focused, end-to-end solution that addresses the most critical pain points fleet operators face today.”
“From day one, our focus has been on one simple question: how can we create the most value for our customers?” said Fleetio Founder and Board Chair, Tony Summerville. “Bringing Fleetio and Auto Integrate together is a game-changer for both fleets and repair shops, ensuring a seamless, more connected maintenance experience. Whether a shop does a little or a lot of fleet business, this combination eliminates friction and makes it easier than ever for shops to work with more fleets.”
Auto Integrate's software enables repair shops to electronically submit repair orders for approval, dramatically reducing vehicle downtime and improving operational efficiency. This capability will fully integrate with Fleetio's comprehensive platform.
"Our customers have consistently asked for a more integrated approach to maintenance management," said Terry Bartlett, CEO of Auto Integrate, who will join Fleetio's executive leadership team. "By joining forces with Fleetio, we're able to deliver exactly what they need – a unified platform that eliminates communication barriers between fleet operators and repair facilities, and ultimately keeps vehicles on the road longer at lower costs."
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