ALD Automotive Acquires LeasePlan

Bain Capital and ADIA Acquire Merchants Fleet with Management Co-Investment

October 19, 2022

Transportation

Bain Capital and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), together with the Merchants Fleet leadership team, completed the acquisition of Merchants Automotive Group (d/b/a Merchants Fleet and Merchants Auto). The management team will remain in place as co-investors; the transaction provides capital to accelerate Merchants' growth, technology initiatives and fleet electrification efforts and was supported by a $3 billion financing program arranged by Ares and others.

J.D. Power Acquires ALG from TrueCar for $135 Million

August 6, 2020

Data & Analytics

J.D. Power has entered into an agreement to acquire ALG, Inc. from TrueCar, Inc. for $135 million, a transaction expected to close by the end of 2020. ALG, a specialist in automotive residual value forecasting, will join J.D. Power's data & analytics offerings and its ~40 employees will move to J.D. Power upon closing.

LDC Takes Minority Stake in Global Autocare

December 20, 2019

Transportation

Mid-market private equity firm LDC has acquired a significant minority stake in Leeds-based fleet management and corporate mobility provider Global Autocare to back the existing management team and accelerate the business's national growth plans. The deal keeps founder Geoff Bloore and the management team in place, brings former PE investor John Walker in as Non-Executive Chairman, and sees NatWest remain as incumbent senior lender.

Rand McNally (TELEO Portfolio) Acquires Fleetsu

April 12, 2022

Transportation

Rand McNally, a TELEO Capital portfolio company, has acquired Fleetsu Pty Ltd, a Perth-based provider of cloud-based fleet telematics and data analytics. The acquisition integrates Fleetsu's platform and analytics into Rand McNally's fleet and connected-vehicle offerings to expand capabilities across commercial fleets, OEMs and rental operators.

J.D. Power Acquires Trilogy Automotive

December 20, 2019

Cloud & SaaS

J.D. Power has acquired Trilogy Automotive, the automotive software division of Trilogy Enterprises, and will integrate Trilogy's SaaS-based lead management platform into its Autodata Solutions division to expand OEM digital dealer capabilities. Trilogy Automotive's leadership and employees will join J.D. Power to scale the combined offering for OEMs and dealers.

Antin Infrastructure Partners Acquires Majority Stake in GTL Leasing

June 20, 2024

Energy

Antin Infrastructure Partners has agreed to acquire a majority stake in GTL Leasing, a leading lessor of high‑pressure gaseous hydrogen transport and storage equipment in North America. The investment (via Antin's NextGen Fund I) will expand GTL's product portfolio and scale its platform to pursue opportunities across transit, logistics and industrial end markets while GTL's founder Michael Koonce will remain CEO.