Bain and ADIA to acquire fleet management firm Merchants

The transaction is expected to close in the third quarter of 2022.

  • Merchants CEO Brendan P. Keegan will become president and chairperson
  • Founded in 1962, Merchants has over $2 billion in assets under management
  • Broadhaven and BNP Paribas are serving as financial advisors to Merchants

Bain Capital and Abu Dhabi Investment Authority have agreed to acquire Merchants, a provider of fleet management services.

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