More Merchants News: Bain Capital and ADIA to Acquire Merchants Fleet
Merchants Fleet Makes Inc 5000’s Fastest Growing Private Companies List
For the second time in three years, the FMC is recognized for its notable growth, of which its vehicle portfolio increased by nearly $500 million in 2021.

In 2021, Merchants put 20,000 last-mile delivery vehicles on the road, with 4 million packages delivered per day over the holidays.
Photo: Merchants Fleet
Merchants Fleet has been named to Inc 5000’s list of fastest-growing private companies in America for the second time in three years, the FMC announced on August 16. The list represents a one-of-a-kind look at the most successful companies within the economy’s independent businesses.
Merchants first landed on Inc’s Fastest Growing Private Companies list in 2020 and has seen significant growth since. In 2021, the Merchants’ portfolio of vehicles grew by nearly $500 million. That same year, the company put 20,000 vehicles on the road in the last mile delivery space alone, with 4 million packages per day delivered in a vehicle managed by Merchants during the holiday season.
“We are proud to be the fastest-growing in our industry, and now again seen as one of the fastest growing in the world,” said Brendan P. Keegan, chairman, CEO and president of Merchants Fleet. “Innovation is at the heart and soul of everything we do at Merchants, and it has allowed our company to grow at a fast pace, while keeping intense focus on delivering value to our clients. The important work we are doing with fleet electrification is a critical step toward a more sustainable future for our clients and our nation — the future is bright.”
Earlier this year, Merchants was also named a U.S. Best Managed Company by Deloitte and a 2022 Innovator by Fast Company.
Complete results of the Inc. 5000, including company profiles and a database, can be found at inc.com/inc5000.
More Operations

How Fleets Can Recruit and Train Veterans for Technician Roles
Here's how the technician shortage has affected uptime for fleets, and what to do about it.
Read More →
Avis Budget Group Deploys Neology Toll Management Technology Across Major Brands
Neology’s neoFleet platform will manage toll transactions and toll-authority operations for vehicles across Avis, Budget, Payless, Budget Truck and Zipcar.
Read More →
Fleet Personal-Use Charges Edge Higher in 2026
Nearly eight in 10 surveyed fleets allow personal use of company vehicles, while just over half of respondents report charging employees for the privilege.
Read More →
The Future of Fleet + What’s Changing Right Now | AF News Recap
Could developments overseas offer a preview of what’s coming for U.S. fleets? This week, we’re looking at the future of AI, autonomy, and electrification, plus Ford Pro’s new certified pre-owned program, smarter vehicle offboarding, and a new way for fleets to manage toll expenses.
Read More →
How to Handle Vehicle Offboarding
What do fleet managers need to do when a driver leaves?
Read More →
Fleet Manager’s Ultimate Playbook: Navigating the New Standard in OEM Connectivity
Rising operating costs, driver safety concerns, and unplanned downtime are putting unprecedented pressure on modern fleets. Discover how fleet managers use embedded OEM connectivity and real-time vehicle data to cut TCO, prevent downtime, and protect drivers without aftermarket telematics hardware.
Read More →
U.S. Bank Adds Verra Mobility Toll Management to Voyager Fleet Platform
The integration allows U.S. Bank Voyager fleet customers to manage toll payments and violations alongside fuel, EV charging and maintenance expenses.
Read More →
ADAS Prevents Crashes. But Repairs Cost More | AF News Recap
ADAS-equipped vehicles may crash less often, but they can cost more when they do. This week, we’re breaking down what that tradeoff means for fleets, plus Subaru’s first Forester Wilderness Hybrid, Nissan’s new e-POWER Rogue, and why Calstart has become Catalyst Mobility.
Read More →
Moventum Fleet Management Names Mark Iorillo Head of Sales
Iorillo brings nearly 20 years of fleet management and sales experience to the role, including previous positions at Element Fleet Management, CEI, Donlen and Ryder.
Read More →
Fleet Has a Talent Pipeline Problem. What Comes Next? | AF News Recap
Where will fleet’s next generation of leaders come from? This week, we’re looking at the industry’s talent pipeline, what certification can add to a fleet career, how to build an award-worthy track record, and the return of Automotive Fleet’s Personal Use Survey.
Read More →