Total Fleet Solutions will merge with the Miner Corp. to form a facilities services and asset management company.
The combined company will offer on-site maintenance, on-call repair service, planned maintenance support and lifestyle-management services to retail, distribution, manufacturing, healthcare and hospitality companies.
Total Fleet is a portfolio company of New York private equity firm CI Capital Partners LLC and specializes in managing forklifts and other equipment. Miner provides repair services for dock levelers, balers, doors, compators and pallet jacks.
Prospect Capital Corp. provided a $38.2 million senior-secured loan for the deal. Terms of the deal weren’t disclosed.