Fleet Advantage Secures $40M Loan Facilities to Fuel Growth
Trucking Fleet Management Company Grows in Green Business Sector with IT-Based Leasing Model Delivering Eco-Efficient Solutions for Lowest Cost of Ownership(LCO)
FORT LAUDERDALE, FL (October 18, 2011) – Fleet Advantage Chief Executive Officer John Flynn announced today that the company has secured $40 million in additional loan facilities to fund equipment financing for its expanding fleet of clean diesel tractors through Wells Fargo and Fifth Third Bank.
“We’re pleased to have these well-regarded financial institutions working with us as we grow our business,” said Flynn. He attributes the company’s success to a bold, highly detailed approach that matches proprietary IT processes and analysis with the latest eco-efficient clean diesel technology to achieve peak truck fleet performance at the Lowest Cost of Ownership(LCO).
“We’re driven by the numbers,” said Flynn. “By micromanaging data, looking at all the right cost metrics, and leveraging clean diesel technology, we provide our clients with a roadmap to greater cost savings and a more sustainable planet.”
Fleet Advantage serves the leasing needs of Fortune 500 companies and private truck fleets in North America. In 2011, Flynn was awarded the Florida Ernst & Young Entrepreneur of the Year award in the “Emerging” category. The award recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.
For more information on Fleet Advantage, visit www.fleetadvantage.net.
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