# SG Fleet Acquires FleetPartners for $788M

> SG Fleet completes $788M cash buyout of Australian fleet-leasing rival FleetPartners.
- Title: SG Fleet Acquires FleetPartners for $788M · Dealroom
- Summary: SG Fleet completes $788M cash buyout of Australian fleet-leasing rival FleetPartners. SG Fleet Management acquired 100% of FleetPartners for $788 million in…
- Keywords: sg fleet, fleetpartners, australian vehicle leasing, cash buyout, fleet management, vehicle leasing, startups, business, Fleet, Acquires, 788M, Dealroom
- Source: Dealroom — https://dealroom.co/news/163724-sg-fleet-strikes-788m-cash-buyout-of-rival-fleetpartners
- Published: 2026-10-19T01:10:21+00:00
- Read time: 1 min
- Topics: sg fleet, fleetpartners, australian vehicle leasing, cash buyout, fleet management, vehicle leasing, startups, business
## Deal Details
SG Fleet Management agreed to a binding all-cash takeover of FleetPartners at US$3.43 per share, valuing the Australian vehicle-leasing company at about US$731.2M (roughly $788 million).
## Why Now?
The agreement ends a months-long auction after SG Fleet, Toronto-listed Element Fleet Management, Tokyo-listed ORIX, and Sumitomo-led consortium pursued FleetPartners for months.
## Numbers and Endgame
The offer provides an 87.3% premium to FleetPartners' last closing price and adds US$0.42 per share to earlier proposals, with SG Fleet gaining scale in a consolidating market.
## Key takeaway

SG Fleet Management acquired 100% of FleetPartners for $788 million in a binding all-cash takeover at $3.43 per share.