FORT
LAUDERDALE, FL (October 17, 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.
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