AFLA

Bain Capital and ADIA to Acquire Merchants Fleet, a High-Growth Fleet Management Company, Alongside Merchants Leadership Team

Retrieved on: 
Thursday, July 21, 2022
Bain Capital, AFLA, Acquisition, Eye, Industry, EV, Government, Partnership, Innovation Center station, Ownership, Abu Dhabi Investment Council, Multimedia, Abu Dhabi Investment Authority, Totalview, Movement, ADIA, Technology, Adoption, News, BNP Paribas, Wilmer Cutler Pickering Hale and Dorr, Confusion, System, Efficiency, ESG, Growth, LP, Broad Haven, Airline, Bank, Taxicab, Management, Merchant

HOOKSETT, N.H. and BOSTON, July 21, 2022 /PRNewswire/ -- Merchants Fleet, the nation's fastest growing fleet management company, today announced that Bain Capital and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) have signed a definitive agreement to acquire Merchants Automotive Group, DBA Merchants Fleet and Merchants Auto (collectively "Merchants"). The members of the Merchants leadership team will remain in their current roles and will be co-investors in the business. Chief Executive Officer Brendan P. Keegan will also assume roles of president & chairperson. Terms of the private transaction were not disclosed.

Key Points: 
  • Founded in 1962, Merchants is the fourth largest provider of fleet management services with over $2 billion in assets under management and 165,000 managed commercial fleet units across North America.
  • Merchants has the right team and management in place, the right partners in Bain Capital and ADIA, and the determination and grit to forge an exciting future."
  • Merchants Fleet is North America's fastest-growing fleet management company, enabling the movement of people, goods and services freely and responsibly.
  • From flexible funding, fleet acquisition and fleet management to vehicle remarketing, fleet consulting, fleet electrification, and the power of cloud-based fleet management platform TotalView, Merchants serves as a single source for all fleet and mobility needs across more than 20 unique industries.

Valve Manufacturer Launches Line of Specialty O-ring Seals

Retrieved on: 
Tuesday, August 10, 2021
ASG, AFLA, Seals, Engineering, FFKM, Heart, Hydraulic machinery

ValvChem™ O-rings are manufactured to exacting standards in the heart of the United States. Two material types--FFKM and FEPM--are available in six specialized formulations. 

Key Points: 
  • Now, the engineers at Total Valve have put that hard-won expertise to work developing a line of O-rings and materials designed especially for valve applications.
  • "O-rings and other valve seals must withstand extremely harsh environments," said Jud Smalley, engineering manager at Total Valve, "so the seals need to be made of tough materials that can perform in extreme temperatures while resisting a broad range of chemicals."
  • Seals made from thermoset fluorinated elastomers like Kalrez* (FFKM) and Aflas* (FEPM) are exceptionally well suited for severe-service valve applications.
  • Total Valve Systems is addressing cost concerns and supply shortages with their line of O-rings made from their own ValvChem range of premium fluoroelastomer valve sealing compounds.