Factor Celebrates “Mega” Fleet Win – Operations
Rentokil Preliminary acquired Terminix in October, and now it’s a high 10 consumer for Factor.
Factor Fleet Administration Corp. introduced a five-year settlement with Rentokil Terminix, the North American division of Rentokil Preliminary plc, to supply companies and financing to its 21,000-plus car fleet within the U.S., in accordance with a Dec. 19 announcement.
“We’re honored that Rentokil Terminix has chosen to develop their North American relationship with Factor, making us their sole U.S. supplier of fleet administration companies and financing,” stated Jay Forbes, president and CEO of Factor. “Rentokil, the worldwide chief in pest management companies, represents Factor’s largest ‘mega’ fleet win since initiating our pivot to development in 2021.”
Rentokil Preliminary plc has been a long-standing consumer of Factor, the corporate stated. With its latest acquisition of Terminix, the corporate determined to consolidate the financing and administration of its complete U.S. car fleet beneath one fleet administration firm and selected Factor as that supplier. Underneath the phrases of this settlement, Factor will prolong its present fleet administration companies and financing (at the moment 4,700 automobiles) to an extra 16,500 Rentokil Terminix automobiles within the U.S., rising the whole world automobiles beneath administration by 1% and making Rentokil Terminix a high 10 consumer.
This partnership may even allow Rentokil Terminix’s mission to transition its world fleet to extra environment friendly and sustainable ultra-low emissions automobiles by 2040. Rentokil Preliminary joined the EV100 in 2020.
David Madrigal, chief industrial officer at Factor, stated: “Rentokil Terminix’s resolution to entrust your entire 21,000 car fleet to Factor is each gratifying and humbling, reflecting their confidence in our confirmed means to ship a constant, superior consumer expertise and optimize their complete value of fleet operations. We’re very happy they’ve determined to develop their relationship with Factor, and we stay up for working with them to uphold the excessive requirements we share for our purchasers globally as we each proceed to develop.”
