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.
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