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Epika Fleet Services, Inc. Acquired by Ares Management
Prnewswireยท 2025-04-21 12:44
Core Insights - Ares Private Equity fund has acquired a majority stake in Epika Fleet Services, providing significant capital for growth and expansion [1][3] - Epika has established itself as a leading mobile-focused provider of preventative maintenance and repair services for commercial trucking fleets, operating in nearly 40 states and serving over 2,000 fleet customers [2][4] - The company employs over 550 skilled technicians and operates approximately 20 in-shop centers, offering a hybrid service model for complex repairs [2][4] Company Overview - Epika Fleet Services, founded in 2016, has rapidly scaled its operations and built a strong local presence in key U.S. regions [2] - The company focuses on minimizing downtime and improving asset performance for mission-critical fleets through a comprehensive suite of mobile-first maintenance and repair services [4] - Epika's growth has been driven by its mobile-delivery service offerings, which cater to the increasing demand for mobile-service solutions among fleet operators [3] Investment and Growth Strategy - The partnership with Ares is expected to amplify Epika's growth, strengthen its national footprint, and deepen customer loyalty [3] - Ares recognizes the significant opportunities in the mobile-first service sector, aiming to support Epika in capturing demand and enhancing fleet productivity [3] - The transaction underscores the potential for continued growth and innovation in Epika's service offerings [3]