Ridgemont Equity Partners Invests in Dickinson Fleet Services

Private equity firm Ridgemont Equity Partners has invested in the maintenance services company Dickinson Fleet Services, but financial terms of the transaction were not disclosed.

Dickinson operates a network of mobile technicians, 15 branch locations and a national fleet maintenance program — supported by a proprietary software platform — Charlotte, North Carolina-based Ridgemont announced.

“Through organic growth and [merger and acquisition] initiatives, we plan to aggressively expand the geographic footprint of the company, add new customers and enhance an already strong service offering,” Ridgemont Partner Jack Purcell said in a statement.

Ridgemont has invested previously in other transport aftermarket businesses as well, including in Aurora Parts and Accessories and FleetPride, Purcell added.

Indianapolis-based Dickinson said it “was pleased to have selected” Ridgemont as its partner in a “joint plan” to expand services.