FleetCor Raises $235 Million in Growth Capital
ATLANTA — FleetCor, a provider of fleet card and related information services for business fleets and petroleum retailers, has received a $75 million equity investment from Bain Capital, a global private investment firm.
ATLANTA — FleetCor, a provider of fleet card and related information services for business fleets and petroleum retailers, has received a $75 million equity investment from Bain Capital, a global private investment firm. Simultaneously, FleetCor completed a recapitalization through which it replaced its existing senior credit facility with a $130 million term loan and a $30 million revolving facility raised by JP Morgan Chase Bank, N.A. and PNC Bank, National Association. As part of the transaction, FleetCor’s largest shareholder, Summit Partners, together with Bain Capital, have acquired a majority interest in the company. The company intends to use the proceeds from the recapitalization to replace its existing indebtedness, launch a new private label fleet card program with BP, finance a partial redemption of shares from existing shareholders, and pursue additional acquisitions of related businesses.
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Turning Fleet Payment Data into Executive Insights
Ramel Lindsay of U.S. Bank Voyager discusses how fleets can transform payment and transaction data into actionable intelligence to reduce costs, improve oversight, and support executive decision-making.
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Why the IRS Raised Its Mileage Rate in the Middle of 2026
Fuel-price volatility drove the rare increase to 76 cents per mile, the fifth midyear adjustment since 2000.
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July Fuel Update: Prices Keep Rising in Light of More Conflict
Gas prices continue to rise as more and more conflicts do, too.
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Bob Adamsky on Fuel Volatility: "Don't Panic, Have a Plan."
When it comes to up and down fuel prices, Adamsky has a message for fleets: “Don’t panic.”
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How Fleets Can Gain Control of Non-Fuel Spend
Fuel often gets the spotlight, but non-fuel expenses can have a major impact on fleet costs. Ramel Lindsay of U.S. Bank Voyager discusses how fleets can gain better visibility and control over these often-overlooked expenditures.
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Fuel is Just the Start: How Middle East Tensions are Driving Up Fleet Maintenance Costs
The Middle East conflict is doing more than pushing up fuel prices. It’s also raising the cost of key maintenance products your fleet depends on, from motor oil to tires to windshield wipers. Here’s what you need to know about this budget-busting situation.
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June Fuel Update: Prices Fall Below $4
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Study: How 2026's Gas Price Hikes Affect Different Vehicle Types
New data from iSeeCars reveals how rising fuel costs have affected different vehicle segments as gasoline prices climbed nearly 46% over the past four months.
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Are You Tracking Your Fleet's True Total Cost of Ownership?
Bobit Business Media surveyed 190 fleet professionals and found that while most fleets are tracking costs, fragmented systems and data gaps are keeping true TCO visibility out of reach. With rising pressure to control spend in an increasingly volatile environment, the gap between what fleets think they know and what the data actually shows is wider than you might expect. See how your peers are managing costs today and where the industry still has room to improve.
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May Fuel Update: All Regions Experience Declines
Gas prices are finally easing in much of the country, but experts warn global tensions could quickly reverse the trend as the national average remains well above last month’s levels.
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