Bestpass Acquires Fleetworthy Solutions
Bestpass, known for its toll management and payment platform, has acquired Fleetworth Solutions. Through the combination of the two, Bestpass says it now covers all aspects of tolling, compliance, and safety for commercial fleets.
Source: Bestpass
Bestpass, known for its toll management and payment platform, has acquired Fleetworth Solutions. Through the combination of the two, Bestpass says it now covers all aspects of tolling, compliance, and safety for commercial fleets.
Bestpass, a toll management and payment platform for commercial vehicles, has acquired Fleetworthy Solutions, a provider of fleet safety, compliance, and risk management solutions. Bestpass said it will now offer a comprehensive suite of services that cover all aspects of tolling, compliance, and safety for commercial fleets of all sizes.
Founded in 2001, Bestpass covers 100% of major toll roads across the U.S., supports more than 30,000 customers, and processes over $1.5 billion in toll transactions annually. The company offers a range of toll coverage options for owner-operators, regional fleets, and national fleets, as well as customized solutions for specific needs.
Fleetworthy’s cloud-based solution, CPSuite, combines seamless technology, reliable data, and knowledgeable people. It also offers related compliance-focused services including vehicle and driver safety compliance, audit support, and extended fleet services, all aimed at helping clients exceed state and federal standards.
The Acquisition
The terms of the acquisition were not disclosed, but the transaction has already closed. Both companies will continue to operate under their respective brands.
“The combination is a strategic move that will offer a more comprehensive and integrated solution to customers while also expanding our market opportunity,” said Bestpass CEO Tom Fogarty. “Fleetworthy and Bestpass share the vision of simplifying and streamlining the complex and ever-changing challenges of tolling, compliance, and safety for commercial fleets.”
Bestpass said the acquisition of Fleetworthy Solutions, founded in 1983, will allow it to provide a one-stop shop for tolling, compliance, and safety needs of commercial fleets leveraging Fleetworthy's expertise and technology to enhance its platform with the integration of Fleetworthy services.
Expanding Reach
Also, Bestpass said it will also be able to expand its customer base and geographic reach by offering Fleetworthy's solutions to its existing and new clients. The combined company will provide what it describes as a powerful set of dashboards and analytics for fleet compliance, safety, and operations.
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