UFODRIVE Group Acquires FleetMaster from Cox Automotive

Cox Automotive Buys Remaining Stake in Fleet Services (formerly Dickinson Fleet Services)

January 8, 2025

Automotive

Cox Automotive acquired the remaining minority ownership stakes in its Fleet Services business from Mike Dickinson and Ted Coltrain, consolidating full ownership after initially acquiring Dickinson Fleet Services in 2020. The move supports Cox's long-term commitment to expand mobile maintenance and emergency mobile services across the U.S.; Coltrain will retire and Dickinson will remain in a consultancy role.

Powerfleet Acquires Fleet Complete

October 1, 2024

Cloud & SaaS

Powerfleet (Nasdaq: AIOT) has closed its previously announced strategic acquisition of Fleet Complete, a connected vehicle technology and fleet management provider. The deal is expected to create a $400m+ revenue company with more than $300m of recurring SaaS revenue, and to expand Powerfleet’s presence and go-to-market reach across North America, Europe, and Australia.

Cox Automotive Acquires FleetNet America

February 28, 2023

Transportation

Cox Automotive has acquired FleetNet America from ArcBest, combining Cox Automotive Mobility Fleet Operations with FleetNet’s emergency mobile services, mobile truck repair, towing and preventative maintenance capabilities. The deal expands Cox’s fleet-service footprint and service-provider network across North America, bringing together proprietary technology, data insights and a nationwide service network to maximize fleet uptime.

Docufree Acquires DealerDOCX

October 25, 2022

Cloud & SaaS

Docufree has acquired DealerDOCX, a cloud-based document-intelligence and management provider serving automotive dealerships, to expand its digital-transformation and SaaS offerings in the automotive market. The deal adds DealerDOCX's patented audit-compliance analytics, integrations with major dealer management systems, and a ~350-customer recurring revenue base to Docufree's enterprise information management platform.

Olsam Group Acquires Marketfleet

April 30, 2022

E-Commerce

London-based Amazon aggregator Olsam Group acquired Marketfleet, a US-based aggregator that owns ~11 outdoor-focused brands. The deal gives Olsam a stronger foothold in the outdoor-recreation category and brings Marketfleet's specialized Amazon, analytics, sourcing and product-design talent into Olsam's operations; Marketfleet founder Chris Friedland will depart to pursue other ventures.

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.