Ares Management’s (ARES) Ares Private Equity fund has acquired a majority stake in Epika Fleet Services, a mobile-focused provider of preventative maintenance and repair services for commercial trucking fleets. The transaction provides Epika with significant additional capital to support investments in the quality and buildout of its service offerings, expand its customer base in underserved geographies and cement the platform as a mobile-solutions provider of choice for fleet operators. Founded in 2016, Epika operates across nearly 40 states and serves over 2,000 fleet customers. The company also operates approximately 20 in-shop centers in the U.S. Terms of the transaction were not disclosed.
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