Steering Change. Driving Results.

Ownership Group

The Merchants Fleet ownership group has a focus on market expansion, fueled by cutting-edge technology and electric vehicle adoption. Once a small regional player, Merchants is now the fourth largest and fastest growing fleet management company in North America.

Founded in 1962, Merchants Fleet has over $2 billion in assets under management and 175,000 managed commercial fleet units across North America. The company has a unique business model focused on forward-thinking technology solutions, innovative fleet services, and the proactive adoption of electric vehicles. Now, under new ownership starting in 2022, Merchants will continue to operate independently, and benefit from additional resources that will help speed new service launches, technology innovation, and expansion into new markets.


Bain Capital

Bain Capital, LP is one of the world’s leading private investment firms that creates lasting impact for its investors, teams, businesses, and the communities in which they live. Since their founding in 1984, they have applied insight and experience to organically expand into numerous asset classes including private equity, credit, public equity, venture capital, real estate and other strategic areas of focus. The firm has offices on four continents, more than 1,300 employees and approximately $160 billion in assets under management. To learn more, visit


Established in 1976, the Abu Dhabi Investment Authority is a globally diversified investment institution that prudently invests funds on behalf of the government of Abu Dhabi through a strategy focused on long-term value creation. For more information, visit