LeasePlan USA and Wheels Donlen have completed their previously announced merger to create a unified fleet management business. Athene Holding Ltd. served as the lead investor in the transaction and is the majority shareholder of the newly combined company.

Combining LeasePlan USA and Wheels Donlen creates a corporate mobility solutions provider, with greater scale, enhanced investment capacity and differentiated capabilities to better serve clients globally.

The combined company, which today manages more than 800,000 vehicles and $7 billion of assets in the U.S., will be led by CEO Shlomo Crandus. Matt Dyer, previously CEO of LeasePlan USA, will serve as its president and as a board member of the combined company.

The combined company, currently called Wheels Donlen LeasePlan, is expected to rebrand in the first quarter of 2023. Additionally, as part of this transaction, the combined company entered into a Cooperation Agreement with LeasePlan Corporation to deliver global fleet management services to both companies’ international clients, ensuring the full availability of the global fleet solutions for clients.

The global alliance between Wheels Donlen and ALD Automotive will continue as the company collaborates with ALD to serve clients in 59 countries with over 2.7 million vehicles.

“We’re excited to bring together the unique solutions, capabilities, and qualities of three high performing companies to create a best-in-class mobility management company focused on client success,” said CEO Shlomo Crandus. “We’ve always respected each other as competitors and now in combining forces we have a tremendous opportunity to bring an expanded set of client solutions to market.”