PepsiCo Set to be Largest U.S. Beverage Fleet if Bottler Acquisitions Consummated
PURCHASE, NY – PepsiCo's proposed acquisition of its two largest anchor bottlers, The Pepsi Bottling Group and PepsiAmericas, may bump up its fleet size to make it the largest beverage fleet in the U.S.
PURCHASE, NY – PepsiCo's proposed acquisition of its two largest anchor bottlers, The Pepsi Bottling Group (PBG) and PepsiAmericas (PAS), may bump up its fleet size to make it the largest beverage fleet in the U.S. Coca-Cola Enterprises currently tops the fleet segment at 28,038 vehicles, based on Automotive Fleet's Top 300 Commercial Fleets listing.
With the combined total of PBG and PAS' fleet numbering more than 15,000, PepsiCo's fleet would slide into the top spot (based on size) at approximately 35,165 vehicles (20,165 currently).
Though Interstate Brands Corp. comes in third in the food & beverage company fleets, it falls much farther behind at 8,638 vehicles.
Upon acquiring the outstanding shares of the two bottlers, PepsiCo would handle distribution of about 80 percent of its total North American beverage volume, including both its direct-store-delivery and warehouse systems, according to an April 20th statement released by the company.
"Consolidating the bottling businesses with our franchise company would create many benefits," said PepsiCo Chairman and Chief Executive Officer Indra Nooyi. "We could unlock significant cost synergies, improve the speed of decision making, and increase our strategic flexibility. We would be able to present a more unified face to our retail and food service customers, which would better position us to provide customized solutions, as we do at Frito-Lay, and to take to a new level our 'Power of One' program of bundled food and beverage offerings."
The Pepsi Bottling Group is based in Somers, N.Y., while PepsiAmericas is located in Minneapolis.
More information about the proposal is available at www.transactioninfo.com/pepsico.
More Leasing

Union Leasing Rebrands as Moventum Fleet Management
The name Moventum reflects the company’s position at the intersection of movement and momentum, with the guiding principle "Keep Work Moving."
Read More →
How Does a Mid-Major FMC Compete? Ask BBL Fleet
This Pittsburgh-based FMC built a technology-first culture, sustained double-digit organic growth, and expanded its Midwest footprint through a recent acquisition. How did it happen?
Read More →
What’s Really Happening in Fleet Supply Right Now
Fleet supply has improved, but not everywhere. Merchants Fleet’s Charles Matthew explains where constraints still exist, what risks are emerging, and why fleets shouldn’t wait to place orders.
Read More →
These Edges Are Measured in Inches — Matt Dyer on Fleet’s New Normal
The Merchants Fleet CEO contends that fleets that drive the business win the inches. In 2026, every one of them counts.
Read More →
Who Gets a Company Car? (In 2026 and Beyond)
As costs rise and scrutiny increases, fleets are refining criteria that govern eligibility for company-owned vehicles.
Read More →
DriveItAway Holdings, Free2move Launch Operations In Nine Cities
The co-branded program with Stellantis’ mobility division scales up leasing and financing options nationwide with more cities to come online in 2026.
Read More →
AFLA 2025 Conference in Pictures
Drawing over 640 attendees, the 2025 AFLA Annual Conference was held Sept. 14-17 at the JW Marriott Marco Island Beach Resort in Florida.
Read More →
DriveItAway, Free2move Partner to Expand Vehicle Access for Dealers
The arrangement enables franchise dealers to offer flexible lease-to-own programs with no credit checks, no down payments, and no long-term commitments.
Read More →
New Survey: How Well Are FMCs Serving Fleets? We Want Your Input
Fleet managers: Share your experience to help benchmark fleet management companies’ service, strategy, and support.
Read More →
Enterprise Fleet Management Enters Its Next Leadership Chapter
With Brice Adamson’s retirement, EFM hands the reins to Bryan Taylor. How will the company sustain its momentum in a changing fleet landscape?
Read More →