Cox Automotive acquires FleetNet America to grow footprint in US, Canada & Puerto Rico
Late on Tuesday, Cox Automotive announced the acquisition of FleetNet America in an effort “to keep the world’s fleets moving efficiently, safely and sustainability.”
With the acquisition, company executives said Cox Automotive Mobility and FleetNet are creating the foundation that will transform operating a fleet, where every vehicle, and every service is connected.
“The market leadership that comes with this joining of our two companies is unmatched in the fleet space,” Cox Automotive president Steve Rowley said in a news release. “Empowered by our combined decades-long legacy, best-in-class customers and service provider networks, and industry expertise, we’re disrupting the status quo and leading the fleet future — but not in the breakdown business — in the problem-solving business.”
A subsidiary of ArcBest, a fleet visionary and driving force of FleetNet’s innovation and growth, FleetNet’s offering utilizes a network of more than 60,000 independent service providers throughout the United States, Canada and Puerto Rico. Services include brokering emergency mobile assistance, mobile truck repair, towing and recovery, preventative maintenance and tire repair.
“While both FleetNet and Cox Automotive are leaders in the market today, we haven’t even scratched the surface of where we will take fleet operations tomorrow,” FleetNet America president John Wood said. “Together, our teams will move the industry forward in a transformative way.”
Paired with Cox Automotive’s expertise in creating two-sided marketplaces, ability to deliver industry-leading data insights and operating at global scale, executives said this acquisition will fuel the companies’ collective commitment to delivering greater flexibility, transparency, communication and ultimately keeping fleets doing what they do best, working for their customers.
Cox Automotive highlighted its purchase of FleetNet builds on the vision of Cox Automotive Mobility Fleet Operations to deliver turnkey solutions backed by fleet experts and an expansive Service Provider network, allowing customers to easily find and connect with specialized service providers when and where they need them.
This proprietary technology, which includes FleetNet’s mobile app for smartphones, is designed to deliver a straightforward, automated workflow to keep vehicles healthy and on the road, and fleet providers focused on their business.
“We are relentless operators and innovators, and we are obsessed with putting our customers, service providers and our people first, always,” said Alex Fraser, AVP of fleet operations for Cox Automotive Mobility. “We are invested in making operating a fleet more efficient, solving our customers’ problems on the road or in the garage.”
For more information about Cox Automotive Mobility Fleet Operations, visit www.coxautoinc.com/mobility/fleet-operations/.