Epika Fleet Services, Inc. Acquired by Ares Management
Ares Management has acquired a majority stake in Epika Fleet Services, a leading mobile-focused provider of preventative maintenance and repair services for commercial trucking fleets. Founded in 2016, Epika operates across nearly 40 states, serving over 2,000 fleet customers with more than 550 skilled technicians performing mobile services.
The company operates approximately 20 in-shop centers in the U.S., offering a hybrid service model. The acquisition aims to provide Epika with significant capital to enhance service offerings, expand customer base in underserved areas, and strengthen its position as a mobile-solutions provider. The transaction's financial terms were not disclosed.
Ares Management ha acquisito una quota di maggioranza in Epika Fleet Services, un fornitore leader di servizi di manutenzione preventiva e riparazione mobile per flotte di camion commerciali. Fondata nel 2016, Epika opera in quasi 40 stati, servendo oltre 2.000 clienti con una flotta di più di 550 tecnici specializzati che offrono servizi mobili.
L'azienda gestisce circa 20 centri di assistenza in officina negli Stati Uniti, proponendo un modello di servizio ibrido. L'acquisizione mira a fornire a Epika un capitale significativo per migliorare l'offerta di servizi, espandere la base clienti in aree poco servite e rafforzare la sua posizione come fornitore di soluzioni mobili. I termini finanziari dell'operazione non sono stati resi noti.
Ares Management ha adquirido una participación mayoritaria en Epika Fleet Services, un proveedor líder enfocado en servicios móviles de mantenimiento preventivo y reparación para flotas de camiones comerciales. Fundada en 2016, Epika opera en casi 40 estados, atendiendo a más de 2.000 clientes de flotas con más de 550 técnicos especializados que realizan servicios móviles.
La empresa cuenta con aproximadamente 20 centros de taller en EE. UU., ofreciendo un modelo de servicio híbrido. La adquisición tiene como objetivo proporcionar a Epika un capital significativo para mejorar la oferta de servicios, expandir la base de clientes en áreas desatendidas y fortalecer su posición como proveedor de soluciones móviles. Los términos financieros de la transacción no fueron revelados.
Ares Management가 상업용 트럭 플릿을 위한 예방 정비 및 수리 모바일 서비스의 선도 업체인 Epika Fleet Services의 지분 다수를 인수했습니다. 2016년에 설립된 Epika는 거의 40개 주에서 운영되며, 550명 이상의 숙련된 기술자가 모바일 서비스를 제공하며 2,000개 이상의 플릿 고객을 지원하고 있습니다.
이 회사는 미국 내 약 20개의 오프라인 정비 센터를 운영하며 하이브리드 서비스 모델을 제공합니다. 이번 인수는 Epika가 서비스 제공을 강화하고, 서비스가 부족한 지역에서 고객 기반을 확장하며, 모바일 솔루션 제공업체로서의 입지를 강화할 수 있도록 상당한 자본을 제공하는 것을 목표로 합니다. 거래의 재무 조건은 공개되지 않았습니다.
Ares Management a acquis une participation majoritaire dans Epika Fleet Services, un fournisseur de premier plan de services mobiles de maintenance préventive et de réparation pour les flottes de camions commerciaux. Fondée en 2016, Epika opère dans près de 40 États, desservant plus de 2 000 clients de flotte avec plus de 550 techniciens qualifiés réalisant des services mobiles.
L'entreprise exploite environ 20 centres d'atelier aux États-Unis, proposant un modèle de service hybride. Cette acquisition vise à fournir à Epika des capitaux importants pour améliorer son offre de services, étendre sa clientèle dans les zones mal desservies et renforcer sa position de fournisseur de solutions mobiles. Les termes financiers de la transaction n'ont pas été divulgués.
Ares Management hat eine Mehrheitsbeteiligung an Epika Fleet Services erworben, einem führenden Anbieter von mobilen Präventivwartungs- und Reparaturdiensten für gewerbliche Lkw-Flotten. Epika wurde 2016 gegründet und ist in fast 40 Bundesstaaten tätig, betreut über 2.000 Flottenkunden und verfügt über mehr als 550 qualifizierte Techniker, die mobile Dienstleistungen erbringen.
Das Unternehmen betreibt etwa 20 Werkstattzentren in den USA und bietet ein hybrides Servicemodell an. Die Übernahme soll Epika bedeutendes Kapital bereitstellen, um das Dienstleistungsangebot zu erweitern, die Kundenbasis in unterversorgten Gebieten auszubauen und die Position als Anbieter mobiler Lösungen zu stärken. Die finanziellen Details der Transaktion wurden nicht bekannt gegeben.
- Operating presence in 40 states with over 2,000 fleet customers
- Strong mobile service capability with 550+ skilled technicians
- Hybrid service model combining mobile and 20 in-shop centers
- Significant capital injection from Ares to fund expansion
- Strategic positioning in growing mobile-service fleet maintenance sector
- Undisclosed transaction terms limiting financial impact assessment
- Operating in highly competitive and fragmented maintenance sector
- Potential integration and scaling challenges in underserved markets
Insights
Ares PE fund's acquisition of Epika Fleet Services expands portfolio in commercial fleet maintenance sector with mobile-focused business model.
Ares Management's private equity division has executed a strategic acquisition by securing a majority stake in Epika Fleet Services, a mobile-focused commercial fleet maintenance provider. This transaction demonstrates Ares's continued deployment of capital through its private equity funds, targeting businesses in fragmented sectors with growth potential.
Epika represents an established platform with significant scale, operating across nearly 40 states with over 2,000 fleet customers and 550+ mobile technicians. The company's hybrid service model combines mobile maintenance capabilities with approximately 20 physical service centers. The mobile-first approach directly addresses a key operational challenge for fleet operators - minimizing downtime while maintaining vehicles.
The investment thesis appears centered on several factors explicitly mentioned in the announcement: the company's established capabilities in fleet maintenance, geographical expansion opportunities, and growing demand for mobile-service solutions that improve fleet productivity. Ares executives specifically highlighted "strong secular themes driving mobile-first players" in what they describe as a "large and underpenetrated sector."
While financial terms weren't disclosed, preventing assessment of the transaction's material impact on Ares's overall portfolio, the acquisition aligns with Ares Management's private equity strategy of investing in companies with growth potential. For a firm of Ares's size (
Founded in 2016, Epika has rapidly scaled its platform by establishing leading capabilities in commercial fleet repair and maintenance services and building a strong local presence in key
"Thanks to the dedication of our technicians and the efforts made by the entire team, Epika has earned a reputation as a leading mobile-first provider in the maintenance and repair sector across the
"We're proud to partner with Epika to invest behind the strong secular themes driving mobile-first players," said Natasha Li and Mike Nawrot, Ares Private Equity. "In this large and underpenetrated sector, fleet operators are increasingly seeking mobile-service solutions that help them achieve reduced operating complexity and enhanced fleet productivity. Epika is well positioned to capture this significant demand with a platform built on high-quality service that meets fleet customers where and when they need. We look forward to working with Joe and the Epika team in executing on their strategy for continued growth and innovation in the coming years."
Terms of the transaction were not disclosed. William Blair served as exclusive financial advisor and Reed Smith LLP and Maslon LLP served as legal advisors to Epika. Piper Sandler served as exclusive financial advisor and Sullivan & Cromwell LLP served as legal advisor to Ares on the transaction.
About Epika Fleet Services, Inc.
Epika is a leading national provider of mobile-focused essential maintenance and repair services to commercial fleets. Epika delivers a comprehensive suite of preventative maintenance and repair services through a mobile-first platform supported by in-shop capabilities. Serving a diversified customer base, Epika helps keep mission-critical fleets moving by minimizing downtime and improving asset performance. The Company operates in nearly 40 states and serves over 2,000 customers. To learn more, visit www.epikafleet.com.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2024, including the acquisition of GCP International which closed on March 1, 2025, Ares Management Corporation's global platform had over
Contacts
Epika Fleet Services, Inc.
Megan McTaggart
612-509-1411
393643@email4pr.com
Ares Management
Jacob Silber | Brennan O'Toole
393643@email4pr.com
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SOURCE Epika Fleet Services, Inc.
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