About Merchants Fleet
Merchants Fleet is a company based in Hooksett (United States) founded in 1962 was acquired by Bain Capital in July 2022.. Merchants Fleet offers products and services including Fleet Management Services, Fleet Consulting, and Fleet Technologies. Merchants Fleet operates in a competitive market with competitors including Samsara, Radius, Lytx, Platform Science and GreenRoad, among others.
- Headquarter Hooksett, United States
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Merchants Automotive Group, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
BNP Paribas
& 3 more
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Employee Count
Employee Count
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Acquired by
Bain Capital
(Jul 28, 2022)
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Products & Services of Merchants Fleet
Merchants Fleet offers a comprehensive portfolio of products and services, including Fleet Management Services, Fleet Consulting, and Fleet Technologies. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides support for acquisition, remarketing, and vehicle management.
Helps improve efficiency and reduce costs for businesses.
Offers tools for tracking and optimizing fleet performance.
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Software Development Team
15 people
Leadership Team
12 people
Sales and Marketing
10 people
Operations Team
7 people
Senior Team
6 people
Finance and Accounting
5 people
Data Analysis and Operations Team
4 people
Manager Team
4 people
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Funding Insights of Merchants Fleet
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(21 Apr 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Debt – Conventional - Merchants Fleet | Valuation |
investors |
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| Apr, 2020 | Amount | Debt – Conventional - Merchants Fleet | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Merchants Fleet
Merchants Fleet has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include BNP Paribas, Bain Capital and Bain Capital Credit. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Credit investments are managed in loans, bonds, and distressed assets.
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Founded Year | Domain | Location | |
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Debt and equity investments are pursued across multiple sectors.
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Founded Year | Domain | Location | |
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Banking & financial service provider
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Merchants Fleet
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Merchants Fleet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Merchants Fleet Comparisons
Competitors of Merchants Fleet
Merchants Fleet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Samsara, Radius, Lytx, Platform Science and GreenRoad, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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| domain | founded_year | HQ Location |
Predictive marketing and sales platform
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| domain | founded_year | HQ Location |
Provider of video telematics and fleet management solutions
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| domain | founded_year | HQ Location |
Provider of integrated solutions for fleet management
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| domain | founded_year | HQ Location |
Fleet telematics and management solutions for safe driving are provided.
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| domain | founded_year | HQ Location |
IoT networking hardware and device management platforms are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Merchants Fleet
Frequently Asked Questions about Merchants Fleet
When was Merchants Fleet founded?
Merchants Fleet was founded in 1962 and raised its 1st funding round 58 years after it was founded.
Where is Merchants Fleet located?
Merchants Fleet is headquartered in Hooksett, United States. It is registered at Hooksett, New Hampshire, United States.
What does Merchants Fleet do?
Founded in 1962 and based in Hooksett, United States, Merchants Fleet operates in the fleet management and leasing sector. Tailored leasing programs and management solutions are offered to self-drive rental companies on a customized basis. Services encompass open- and closed-end financing, short- and long-term lease options, fleet consulting, insurance, driver oversight, incident handling, and additional support. Proprietary software called TotalView is utilized for operational management via adaptable dashboards.
Who are the top competitors of Merchants Fleet?
What products or services does Merchants Fleet offer?
Merchants Fleet offers Fleet Management Services, Fleet Consulting, and Fleet Technologies.
Who are Merchants Fleet's investors?
Merchants Fleet has 4 investors. Key investors include BNP Paribas, Bain Capital, Bain Capital Credit, and Abu Dhabi Investment Authority.
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