PEP completes acquisition of SG Fleet
Pacific Equity Partners →An entity owned by funds managed or advised by Pacific Equity Partners signed an agreement on 4 December 2024 to acquire SG Fleet through a public-to-private transaction. PEP reported enterprise value of A$1.4 billion and confirmed completion on 30 April 2025 in its announcement dated 1 May. SG Fleet supplies mobility, vehicle fleet management and leasing services in Australia, New Zealand and the United Kingdom. Its offering includes corporate fleet arrangements and employee novated leases. Founded in 2004, the business managed more than 277,000 vehicles at acquisition. PEP identified organic growth and further acquisitions as priorities with management. The firm described this as its funds’ tenth public-to-private transaction in the Australia and New Zealand market.