Epika Fleet Services Sells Majority Stake
Deal News | Apr 21, 2025 | Reed Smith
Epika Fleet Services, a company specializing in mobile solutions for fleet operators and backed by Trivest Partners, has sold a majority stake to Ares Capital. Although the financial specifics of the transaction remain undisclosed, it is expected to provide significant liquidity and additional capital resources to Epika. This capital infusion will allow Epika to enhance its service offerings, increase its investment capacity, and expand its customer base in underserved areas, strengthening its position as a leading provider in the mobile solutions industry. The transaction was executed with legal guidance from Reed Smith, led by Global Corporate Group partner Bradley Schmarak and partner Nicholas Gibson, alongside a team of associates.
Sectors
- Private Equity
- Transportation and Logistics
- Legal Services
Geography
- United States – Reed Smith, Epika Fleet Services, Trivest Partners, and Ares Capital are based in the United States, indicating the geographical context of the transaction.
Industry
- Private Equity – Trivest Partners and Ares Capital are both involved in private equity transactions related to Epika Fleet Services.
- Transportation and Logistics – Epika Fleet Services is a company focused on providing mobile solutions for fleet operators, which is part of the transportation and logistics sector.
- Legal Services – Reed Smith provided legal advisory services during the transaction.
Financials
- Undisclosed – The terms and financial specifics of the transaction between Epika Fleet Services and Ares Capital remain undisclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Epika Fleet Services | Target | Company | A company providing mobile solutions for fleet operators. |
| Trivest Partners | Seller | Company | Private equity firm and previous majority owner of Epika Fleet Services. |
| Ares Capital | Buyer | Company | A private equity firm that acquired the majority stake in Epika Fleet Services. |
| Reed Smith | Legal Advisor | Company | Provided legal services for the transaction. |
| Bradley Schmarak | Global Corporate Group Partner, Global Co-head of Private Equity | Person | Led the legal team from Reed Smith on this transaction. |
| Nicholas Gibson | GCG Partner | Person | Supported the legal advisory services for the transaction. |