LeasePlan USA and Wheels Donlen create a unified fleet management business

Combining LeasePlan USA and Wheels Donlen creates a corporate mobility solutions leader, with greater scale, enhanced investment capacity and differentiated capabilities to better serve clients globally. The combined company, which today manages more than 800,000 vehicles and $7 billion of assets in the US, will be led by CEO Shlomo Crandus. Matt Dyer, previously CEO of LeasePlan USA, will serve as its President and as a board member of the combined company.

CEO Shlomo Crandus said: “We’re excited to bring together the unique solutions, capabilities, and qualities of three high performing companies to create a best-in-class mobility management company focused on client success. We’ve always respected each other as competitors and now in combining forces we have a tremendous opportunity to bring an expanded set of client solutions to market.” The financial and operational strength of the combined company supports an ambitious go-forward strategy to deliver an enhanced suite of client solutions across fleet, last-mile delivery, trucks and equipment, including greater electric vehicle and digital technology integration.

Jim Belardi, CEO of Athene Holding Ltd., said, “For Athene, this transaction follows our longstanding strategy to invest in businesses with strong fundamentals, underwriting and direct origination capabilities. We are committed to the growing fleet management market and the leading role that the combined Wheels Donlen LeasePlan will play in serving the fast-evolving fleet needs. With the closing of this transaction, we look forward to more opportunities to invest in the combined company and equipping the business for long-term success.”

President Matt Dyer said: “I’m incredibly proud of all of our team members who have worked so diligently to establish three great fleet management companies, and I look forward to partnering together as one team to deliver a market-leading experience to all our customers. We are fundamentally committed to the success of our clients both now and in the future as, together, we shape the future for fleet management and mobility.”

Tex Gunning, CEO of LeasePlan Corporation (pictured), said: “Today, LeasePlan and Wheels Donlen have created a true leasing powerhouse in the United States. Together, the combined business will have the scale and investment firepower to serve its growing customer base and accelerate the future of mobility for American drivers. We are very proud of the business we have built up in the US and I would like to thank everyone for their contributions over the years. I look forward to working with the new company as we continue to serve customers through our international Cooperation Agreement.”

The combined company, currently called Wheels Donlen LeasePlan, is expected to rebrand in the first quarter of 2023. Additionally, as part of this transaction, the combined company entered into a Cooperation Agreement with LeasePlan Corporation to deliver global fleet management services to both companies’ international clients, ensuring the full availability of the global fleet solutions for clients. The global alliance between Wheels Donlen and ALD Automotive will continue as the company collaborates with ALD to serve clients in 59 countries with over 2.7 million vehicles.