Alaris invests $15 mln in truck fleet services provider Fleet
Canadian alternative equity firm Alaris Royalty Corp has invested US$15 million in Fleet Advantage LLC, a Fort Lauderdale, Florida-based provider of business analytics, equipment financing and asset lifecycle cost management services to transportation fleets. The deal will give Alaris an annualized distribution of US$2.1 million. It will support Fleet's continued growth and provide partial liquidity to existing shareholders. Alaris also invested US$3 million more in Accscient LLC, an Atlanta, Georgia-based provider of information technology staffing, consulting and outsourcing services. Accscient raised an initial US$20 million last year.
18 June 2018•4 mins read
