Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Wright Express to Acquire Fleet One for $369 Million

September 06, 2012

Wright Express has entered into a definitive agreement to acquire Fleet One from private firms LLR Partners and FTV Capital for $369 million in cash.

According to Wright Express, the company expects this acquisition to generate approximately $100 million in present value tax benefits. Wright Express is financing this all-cash transaction through its existing credit facility. The company stated it expects the transaction to close during the fourth quarter of 2012.

Fleet One provides fuel cards and a fleet management information service for fuel supply chains, and does business in the over-the-road and local fleet markets.

“Fleet One’s over-the-road business will give us an immediate presence in the heavy-truck market in the U.S. and Canada, while the blending of Fleet One and Wright Express’ small fleet and private label businesses should provide greater scale,” said Michael Dubyak, chairman, CEO and president of Wright Express. “Additionally, their enhanced portfolio of services will strengthen our position to support mixed fleets. We expect this acquisition to provide us with significant opportunities for growth and it further demonstrates our commitment to expanding our Americas fleet business.”

According to Wright Express, Fleet One’s businesses generated revenue in excess of $56 million for the last 12 months ending June 30. The company has 210,000 active fuel cards that are accepted at 60,000 locations, including 6,700 over-the-road locations, according to Wright Express.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Sponsored by

Louis Maher worked with Trans-National Leasing. He was the president of AALA from 1968-1969.

Read more

Article News

Popular Stories

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher