Houlihan Lokey Advises Fleet Advantage

Houlihan Lokey is pleased to announce that Fleet Advantage, LLC, has received a $15 million structured equity investment from Alaris Royalty Corp. (Alaris) to fund continued growth and provide partial liquidity to existing shareholders. The investment was approved on June 15, 2018.

Fleet Advantage serves America's top truck fleets and guarantees the absolute lowest cost of operation by providing truck leasing and matching proprietary data-driven IT processes with fleet analytics, using the latest eco-efficient clean diesel technology to achieve optimum vehicle productivity while reducing operating costs. Fleet Advantage is ranked as one of the fastest growing privately held companies in the state of Florida and the fastest growing independent truck lessor in the U.S. In 2018, Fleet Advantage was ranked the ninth Top Private Independent by Monitordaily; and in 2015 and 2013, the company was named to Inc. Magazine's 500|5000 list of fastest growing companies in the nation. In 2011, CEO John Flynn received the Ernst & Young Entrepreneur Of The Year® 2011 Florida – Emerging Category award.

Alaris invests in private companies through non-control preferred equity investments. Their returns are structured as a form of equity dividend distributions that are calculated based on top-line results year over year. Alaris' unique investment structure allows private business owners and entrepreneurs to maintain control and long-term objectives.