
Wheels Donlen LeasePlan offers comprehensive mobility solutions that cater to the diverse needs of businesses. They provide a wide range of vehicles, including electric and hybrid options.
Their fleet management services enable companies to optimize their vehicle usage, reduce costs, and enhance their overall mobility experience. With a focus on sustainability, Wheels Donlen LeasePlan helps businesses transition to more environmentally friendly vehicles.
Their services also include vehicle maintenance, repair, and replacement, ensuring that fleets are always running smoothly and efficiently.
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Acquisition and Combination
Wheels Donlen LeasePlan is the result of a combination between LeasePlan USA and Wheels Donlen.
The combined company manages more than 800,000 vehicles and $7 billion of assets in the U.S.
This massive scale gives Wheels Donlen LeasePlan a significant advantage in the market, allowing them to serve a large customer base.
The company is currently led by CEO Shlomo Crandus, who has a clear vision for the future of Wheels Donlen LeasePlan.
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Crandus has stated that the combined company will have the scale and investment firepower to accelerate the future of mobility for American drivers.
The company has also entered into a cooperation agreement with LeasePlan Corporation to deliver global fleet management services to both companies' international clients.
This partnership will enable Wheels Donlen LeasePlan to serve clients in 59 countries with over 2.7 million vehicles.
The combined company is expected to rebrand in the first quarter of 2023, marking a new chapter in its history.
Athene Holding Ltd. served as the lead investor in the transaction and is the majority shareholder of the newly combined company.
Athene is part of Apollo, a global alternative asset manager that originates approximately $100 billion annually of credit assets across lending and asset-backed financing businesses.
LeasePlan USA Overview
LeasePlan USA is a leading fleet management company that has been in operation for over 50 years. They have a strong presence in the US, with a network of offices and a team of experts who provide comprehensive fleet management services.
LeasePlan USA offers a wide range of fleet management solutions, including lease and rental options, vehicle maintenance, and fuel management. Their services are designed to help businesses reduce costs and improve their bottom line.
With a fleet of over 1.5 million vehicles, LeasePlan USA has the scale and expertise to provide customized solutions for businesses of all sizes. They have a proven track record of delivering results and have been recognized as a leader in the fleet management industry.
LeasePlan USA has a strong commitment to customer service, with a dedicated team of professionals who are available to provide support and guidance 24/7. Their customer-centric approach has earned them a reputation as a trusted partner in the fleet management industry.
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LeasePlan USA Mobility Solutions
LeasePlan USA is a global leader in Car-as-a-Service, with approximately 1.9 million vehicles under management in 29 countries.
The acquisition of LeasePlan USA by Wheels Donlen is expected to create a unified fleet management business.
Following the acquisition, the business of LeasePlan USA will be combined with Wheels Donlen to create a unified fleet management business.
This move is part of Wheels Donlen's emergence as one of the most innovative companies in the fleet management industry since the 2021 announcement of their merger within Athene.
Frequently Asked Questions
Are Wheels and LeasePlan the same company?
No, Wheels and LeasePlan are not the same company, as LeasePlan USA merged with Wheels Donlen under Athene and rebranded as Wheels. The merger created a new entity with the Wheels name.
Does Wheels own a LeasePlan?
No, Wheels Donlen and LeasePlan USA are now one company after a merger, but Wheels Donlen is owned by Athene, not the other way around. The acquisition was completed on December 1, 2022.
Sources
- https://www.automotive-fleet.com/10187975/wheels-donlen-completes-acquisition-of-leaseplan-usa
- https://www.autoremarketing.com/ar/wholesale/agreement-reached-combine-leaseplan-usa-wheels-donlen/
- https://www.sidley.com/en/newslanding/newsannouncements/2022/06/sidley-represents-athene-and-wheels-donlen
- https://www.wheels.com/public/resource-hub/news-media/leaseplan-usa-and-wheels-donlen-complete-combination-to-create-corporate-mobility-solutions/
- https://www.wheels.com/public/resource-hub/news-media/wheels-donlen-leaseplan-join-forces-as-fleet-mobility-powerhouse/
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