Craig Powell to Lead the Combined Organization to Better Serve $2 Billion Fleet Market
Thoma Bravo, a leading private equity investment firm announced an innovative deal to acquire the premier vehicle management and reimbursement platforms of Motus and Runzheimer.
The combined organization – with approximately 2,000 customers and more than 220,000 end users – is positioned to better serve the rapidly growing needs of the addressable fleet market and provide customers with significant alternatives to today’s “company car” or limited vehicle reimbursement options.
“It’s a rare moment in our business when we have an opportunity to simultaneously combine two world-class companies like Motus and Runzheimer,” said A.J. Rohde, a Partner at Thoma Bravo.
Read more of the release.