Hexagon Composites

M&A Activity • Nov 11, 2024

Hexagon expands its Hexagon Agility FleetCare business - acquires Specialty Fleet Services

Hexagon expands its Hexagon Agility FleetCare business - acquires Specialty Fleet Services

11 November 2024: Hexagon Agility, a subsidiary of Hexagon Composites, announced

the acquisition of the assets of Specialty Fleet Services, a leading natural gas

(CNG,LNG and RNG) mobile service and inspection provider in the United States

and Canada.

Specialty Fleet Services, based in California, provides comprehensive

maintenance solutions for fleets to minimize truck downtime. With this

acquisition, Hexagon Agility FleetCare expands its nationwide after-sales

support network to serve customers more effectively while tripling its mobile

service capabilities. The business will be fully integrated into the Hexagon

Agility FleetCare business operation.

Aftermarket service solely dedicated to clean fuel fleets

Hexagon Agility FleetCare was established in 2023. It is the only aftermarket

service solely dedicated to clean fuel fleets, assisting them in achieving

higher uptime and lower total cost of ownership.

The acquisition of Specialty Fleet Services enables Hexagon Agility FleetCare to

accelerate field services capability and coverage in response to growing market

demand from fleet customers.

"To truly accelerate the switch from diesel to renewable natural gas,

maintaining and servicing a clean fuel vehicle must be as easy, if not easier

than for vehicles powered by traditional fuels," says Brad Garner, SVP FleetCare

at Hexagon Agility. "This acquisition of Specialty Fleet Services is strategic

and will bring highly sought-after field service capacity, new critical

capabilities, and complementary geographic coverage to our existing Hexagon

Agility FleetCare offering."

"We're thrilled to join the Hexagon Agility FleetCare team. By combining our

expertise, we are stronger and better equipped to tackle the growing adoption of

natural gas in the heavy-duty sector, whether that be in New York or California,

or anywhere in between," says Christopher Ciolkosz, Director of Sales & Service,

Specialty Fleet Services.

With 175,000 natural gas vehicles on the road in the U.S., and an increasing

number of fleets making the switch to natural gas, aftermarket service will be

essential to support fleets in achieving higher uptime and lower cost of

ownership.

Hexagon Agility FleetCare's comprehensive total life cycle service portfolio.

This includes:

· Technical Support Center: Service specialists exclusive to clean fuel

vehicles; experts with an average of 30+ years' experience

· Technical Training Academy: Custom training to meet specific fleet

maintenance and driver needs

· Mobile Field Service: Comprehensive clean fuel service with total lifecycle

solutions, field specialists are strategically located to support fleets

· Hexagon Agility Genuine Parts: Quality OEM replacement parts; when you see

the Hexagon Agility Genuine Parts brand, you are getting OEM quality

replacement

For more information:

Karen Romer, SVP Communications, Hexagon Composites ASA

Telephone: +47 950 74 950 | karen.romer@hexagongroup.com

Jelena Rowe, Director, Marketing & Communications, Hexagon Agility

Telephone: +1 (310) 872-0535 | Jelena.rowe@hexagonagility.com

About Hexagon Agility

Hexagon Agility, a business of Hexagon Composites, is a leading global provider

of clean fuel solutions for commercial vehicles and bulk gas transportation. Its

product offerings include (renewable) natural gas bulk distribution systems of

compressed gases, light-weight Type 4 composite natural gas cylinders, and

(renewable) natural gas fuel systems. These products transport clean gaseous

fuels and enable vehicles to reduce emissions while saving operating costs.

Learn more at hexagonagility.com and follow @HexagonAgility on Twitter and

LinkedIn.

About Hexagon Composites ASA

Hexagon delivers safe and innovative solutions for a cleaner energy future. Our

solutions enable storage, transportation and conversion to clean energy in a

wide range of mobility and industrial applications. Learn more at

hexagongroup.com and follow @HexagonASA on X and LinkedIn.