Car hauler RPM acquires fleet services provider PARS
RPM Freight Systems, a non-asset-based third-party logistics provider focused on finished vehicle transportation, has acquired Professional Automotive Relocation Services (PARS), a fleet management services provider.
The deal was announced in a PRNewswire release. RPM described itself as an international logistics and supply chain solutions company, while PARS is based in Gainesville, Virginia and primarily serves corporate fleets.
RPM said the acquisition adds lifecycle and fleet management capabilities to its platform. PARS’ services include driveaway, vehicle storage, and titling and registration.
For drivers, the announcement is a reminder of how finished-vehicle transportation and fleet services are continuing to blend. Instead of only moving vehicles from point A to point B, providers are packaging transportation together with administrative and handling services that keep fleet units moving through their full cycle of use.
- What RPM adds: corporate fleet services such as driveaway, storage, and titling/registration through PARS.
- What PARS customers gain: access to RPM’s carrier network and original equipment (OE) relationships, according to the release.
PARS will continue to operate as a standalone entity with its current brand identity and leadership, the companies said.
PARS CEO Lori Rasmussen said in the release that joining RPM aligns with PARS’ focus on service quality and “metrics-driven solutions,” and that the combination will broaden tools and network options for fleet customers.