AP Fleet Management, a division of AP Equipment Financing, provides rental, leasing, and financing solutions for a diverse range of essential industries.
Since its inception in 2024, the company has made significant strides in fleet management, backed by the expertise of Tokyo Century Corporation, which oversees a global fleet of more than 750,000 vehicles.
In its first year, AP Fleet Management marked several accomplishments, including a strategic partnership with global market leader PALFINGER.
The company invested over $30 million in fleet rental assets with terms ranging from three to 24 months in the second half of 2024. Additionally, it secured its largest leasing deal to date, an $11.14 million agreement with a US investment-grade company.
“I am extremely proud of the exceptional work and results that our team accomplished in our first year,” related Alex Coveney, Executive Vice President of AP Fleet Management. “We have built an industry-leading team that brings a high level of knowledge and experience to AP Fleet while sharing a unified vision of disrupting the status quo, innovating, and collaborating to create purpose-built solutions for our clients. Our vision is to redefine how our clients think about fleet management through an unmatched attention to detail and focus on the client experience. We are excited about the challenges and successes we will see in 2025 as we continue to expand our programs and product offerings.”
A notable achievement is AP’s partnership with PALFINGER, a global leader in crane and lifting solutions. This collaboration enables AP Fleet Management to provide high-quality bucket truck rental, leasing, and financing options to US businesses.
The fleet now includes insulated and non-insulated bucket trucks, material handling models, and various other vehicles, designed for safety and efficiency.
AP Fleet Management’s diverse fleet offerings for 2024 include 1/2, 3/4-, and 1-ton crew cab 4x4 pickup trucks, cargo vans, passenger vans, step vans, and more.
Serving industries such as energy, telecommunications, and construction, the company plans to introduce expanded fleet options for additional sectors like camps, colleges, and hotels in 2025.