Latham & Watkins Advises Fleetio in Acquisition of Auto Integrate and US$450 Million Financing Round

Fleetio, the leading fleet optimization software platform, announced the acquisition of Auto Integrate, the premier maintenance authorization platform, in a landmark deal establishing Fleetio as the category-defining solution for fleet maintenance. The company simultaneously announced the successful completion of over US$450 million to finance the acquisition, valuing the combined business at over US$1.5 billion. The round was co-led by existing investor Elephant and new investor Growth Equity at Goldman Sachs Alternatives.

Latham & Watkins LLP represents Fleetio in the financing and the acquisition. A US corporate team advising on the financing was led by Boston partner Hans Brigham and associate Laki Triantafylidis, with associates Dante Spurlock, and Payton Reisinger. A UK corporate team advising on the acquisition was led by London partner Farah O’Brien and associate Becky Eaton, with associates Irene Brandão, and Aslihan Alparslan. Advice was also provided on US tax matters by Bay Area partner Katharine Moir, with associate James Aldred; on UK tax matters by London partner Simon Skinner, with associate Richard Liu; on US employment and benefits matters by Boston partner Josh Friedman; on UK employment and benefits matters by London partner Sarah Gadd, with associate Charlie Bowden; on US labor matters by Chicago counsel Laura Waller, with associate Jocelyn Wexler; on US intellectual property matters by associates Deborah Hinck and Victoria Allen; on UK intellectual property and data privacy matters by London partner Christian McDermott, with associates Elva Cullen, Alice Brunning, Ianthe Fry, and Clarence Cheong; on Hart-Scott-Rodino Act, antitrust, and foreign direct investment matters by Washington, D.C. partner Peter Todaro, Brussels/London partner David Little, and New York/Washington, D.C. counsel Jamie Sadler, with associate Carlos Betoret; on UK sanctions, anti-bribery, and anti-corruption matters by London partner Pamela Reddy, with associates Thomas Lane and Annie Birch; and on US sanctions and trade control matters by Washington, D.C. partner Joseph Bargnesi, with associate Matthew Crawford.