First Advantage Corp., a global risk mitigation and business solutions provider, has announced the acquisition of the assets of Road Manager Financial Services, a subsidiary of Volvo Commercial Finance LLC The Americas that provides fleet management services to the trucking industry.
First Advantage says the acquisition enhances the scale and technology of its fleet management operation and creates opportunities to cross-sell additional services to clients in this vertical market. Terms were not announced.
Road Manager, operating as an AB Volvo company since 2000, assists hundreds of trucking companies and leasing company partners across the United States with state and federal mileage and fuel tax reporting compliance requirements. The company’s ability to interface with all major satellite tracking systems creates a paperless method of reporting, saving clients time and money. Road Manager also offers truck registration and permitting, driver log processing and audit services.
Based in Arlington, Texas, Road Manager will expand First Advantage’s Indianapolis-based fleet management operations as its services are rebranded and marketed as part of First Advantage’s Transportation Services solution. The combination creates opportunities to offer First Advantage’s portfolio of trucking-related services, including motor vehicle records, business credit reporting, employment screening, substance abuse program management and driver qualification file management to Road Manager clients. Road Manager will continue operating from its Texas offices.
“Road Manager is a solid fit for the First Advantage growth strategy as we seek to increase scale in our existing fleet management operations and expand our client base to reap cross-sell potential in this vertical market,” said John Long, CEO of First Advantage. “We are most pleased to welcome Road Manager’s experienced professionals to our company.”
Walter Mascherin, vice president and chief operating officer for Volvo Commercial Finance LLC The Americas, said, “The transaction with First Advantage allows Volvo Commercial Finance to focus on our core business while continuing to benefit from an ongoing relationship with Road Manager. Going forward, we will rely on the expertise of First Advantage’s full team of fleet management experts to serve our domestic leasing groups and build upon the fleet management relationships we have developed.”
