Wheels Partners with Marubeni and Lithia, Enhancing Fleet Management Solutions
Portfolio Pulse from Benzinga Newsdesk
Wheels, a leading fleet management company in North America, has received a significant minority investment from Marubeni Corporation and Lithia & Driveway. This strategic investment aims to enhance Wheels' product offerings and innovation in the fleet management space. The transaction is expected to close in Q3 2024.
June 27, 2024 | 7:07 am
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Lithia & Driveway has made a significant minority investment in Wheels, a leading fleet management company. This partnership is expected to enhance Wheels' product offerings and innovation in the fleet management space.
Lithia's investment in Wheels aligns with its commitment to delivering valuable offerings across the vehicle lifecycle. This partnership is likely to enhance Wheels' product offerings and innovation, positively impacting Lithia's stock.
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