Epika Fleet Services – a leading mobile-focused provider of preventative maintenance and repair services for commercial trucking fleets – announced that an Ares Private Equity fund has acquired a majority stake in the company. This deal provides Epika with the capital needed to support investments in the quality and buildout of its service offerings, expand its customer base in underserved geographies, and solidify the platform as a mobile-solutions provider of choice for fleet operators.
Launched in 2016, Epika has rapidly scaled its platform by establishing leading capabilities in commercial fleet repair and maintenance services and building a strong local presence in key U.S. regions. Now, Epika operates across nearly 40 states and serves over 2,000 fleet customers.
Epika’s significant growth has been driven largely by its mobile-delivery service offerings. Over 550 skilled technicians perform regular inspections, preventative maintenance, and repairs for fleet customers on the road every day. Epika also operates approximately 20 in-shop centers in the U.S., providing a hybrid offering for customers who require complex repairs or emergency services.
The terms of the transaction were undisclosed.
Advisors: William Blair served as Epika’s exclusive financial advisor, and Reed Smith and Maslon served as legal advisors. Piper Sandler served as Ares’s exclusive financial advisor, and Sullivan & Cromwell served as Ares’s legal advisor on the transaction.
KEY QUOTES:
“Thanks to the dedication of our technicians and the efforts made by the entire team, Epika has earned a reputation as a leading mobile-first provider in the maintenance and repair sector across the U.S. We’re thrilled to partner with Ares as we enter our next chapter of growth. Their support will further amplify the success we’ve built — strengthening our national footprint and deepening the loyalty of our customer base. This transaction underscores the significant opportunities ahead as we accelerate our go-to-market strategy and continue to expand our mobile-service platform.”
– Joe Dougherty, CEO of Epika
“We’re proud to partner with Epika to invest behind the strong secular themes driving mobile-first players. In this large and underpenetrated sector, fleet operators are increasingly seeking mobile-service solutions that help them achieve reduced operating complexity and enhanced fleet productivity. Epika is well positioned to capture this significant demand with a platform built on high-quality service that meets fleet customers where and when they need. We look forward to working with Joe and the Epika team in executing on their strategy for continued growth and innovation in the coming years.”
– Natasha Li and Mike Nawrot, Ares Private Equity
