Latest news with #ChrisWheeler
BBC News
12-05-2025
- Business
- BBC News
Reading Borough Council promises crackdown on fly-tipping
Tougher enforcement on fly-tipping and littering is due to begin in a Berkshire town this month as part of a push to crack down on the Borough Council said it was seeking to boost penalties for fly-tipping and littering by using an external director of environmental and commercial services Chris Wheeler said fly-tipping was a key concern for residents, and the new strategy would result in "more actions against those found to be littering and fly-tipping".The new enforcement arrangement began this month but is subject to an acquisition process. If a full tendering process is required, the service would be implemented in the autumn, according to a report by Mr Wheeler. The new arrangement comes at no extra charge through the council."It's intended to address the key concerns of residents around litter and fly-tipping and other related environmental crime," said Mr Wheeler."This type of approach is new to Reading, and we wanted to be transparent about the benefits of the approach, the risks and the planned controls to manage some of those risks."In taking this approach, it will result in increased activity and more actions against those found to be littering and fly-tipping."Karen Rowland, lead councillor for environmental services said the arrangement was set on tackling the issue in a cost effective added the arrangement would allow the authority's recycling and environmental enforcement officers to focus on the government's planned Simpler Recycling plans were welcomed by councillors, including independent Sarah Hacker and Green's Sarah Magon. You can follow BBC Berkshire on Facebook, X (Twitter), or Instagram.
Associated Press
18-02-2025
- Automotive
- Associated Press
One Equity Partners Agrees to Acquire Wheeler Fleet Solutions
One Equity Partners ('OEP'), a middle market private equity firm, today announced it has agreed to acquire Wheeler Fleet Solutions ('Wheeler' or 'the Company,'), a leading aftermarket parts distribution company, from VSE Corporation ('VSE') (NASDAQ: VSEC), a leading provider of aerospace aftermarket distribution and repair services. Founded in 1960 and headquartered in Somerset, Pa., Wheeler Fleet Solutions is a leading parts distributor and engineering solutions provider servicing the medium and heavy-duty fleet market. Wheeler provides exceptional value to its customers by combining world-class customer service, parts expertise, proprietary IT solutions, and a complete line of medium and heavy-duty replacement parts. The Company employs approximately 385 people across three primary distribution centers in Pennsylvania, Mississippi and Texas. 'The acquisition of Wheeler Fleet Solutions is the latest example of OEP's ability to identify valuable industrial service assets from large corporations looking to streamline their operations through divestitures,' said Steve Lunau, Partner at One Equity Partners. 'OEP has a proven history of transforming industrial distribution businesses through strategic organic and inorganic investments that enhance operational performance, expand product capabilities, and extend geographic reach. We are committed to building on Wheeler Fleet Solution's strong employee and customer centric culture, while driving continued development and growth.' 'The Wheeler team looks forward to working with One Equity Partners and executing on our shared vision for Wheeler as an independent business,' said Chris Wheeler, President of Wheeler Fleet Solutions. 'OEP has expertise on scaling industrial aftermarket distribution businesses and holds a deep understanding of the specific trends at play within our sector.' 'We are excited to partner with Chris and his team for the next chapter of the Wheeler Fleet Solutions story. Truck fleets in North America are witnessing unprecedented levels of advancement and growing needs for parts and services. Wheeler, with 65 years of reputation for industry leading quality customer service, is well positioned to accelerate into its next phase of growth and development as a standalone enterprise,' said Ori Birnboim, Partner, One Equity Partners. 'OEP has a proven track record of successfully navigating the complexities of corporate carve-outs and scaling industrial services businesses,' said John Cuomo, President and CEO of VSE Corporation. 'I am confident that the Wheeler Fleet Solutions business and team will thrive under OEP's leadership, benefiting from their strong culture and strategic vision. I am deeply grateful to the Wheeler team for their dedication and contributions, and I look forward to seeing the continued success they will achieve together with OEP.' Moelis & Company LLC acted as exclusive financial advisor and Davis Polk & Wardwell LLP served as legal counsel to One Equity Partners. Jefferies, LLC acted as exclusive financial advisor to VSE Corporation. About One Equity Partners One Equity Partners ('OEP') is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm seeks to build market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 400 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt and Amsterdam. For more information, please visit Wheeler Fleet Solutions ('Wheeler') began as Wheeler Bros. in 1960 as a small engine repair shop in Somerset, Pennsylvania. From those roots, the company has grown into a fleet-focused parts distribution and services company with over 300 employees. Wheeler Fleet Solutions ships over three million line items yearly to 700 managed inventory stock rooms and thousands of B2B customers across the United States. Wheeler offers a huge selection of parts as well as stockroom and inventory management services, fleet management software and curated custom-engineered service parts. Whether you're delivering mail, food or freight, Wheeler has a solution for you. Learn more at . CONTACT: Media Thomas Zadvydas Stanton 646-502-3538 SOURCE: One Equity Partners Copyright Business Wire 2025. PUB: 02/18/2025 07:35 AM/DISC: 02/18/2025 07:37 AM
