FleetPartners has announced the acquisition of Remunerator, a long-established salary packaging and novated leasing provider with more than 30 years of industry experience. The deal strengthens FleetPartners’ position in the novated market and adds a full-suite salary packaging capability that will broaden its offering to clients across Australia.
According to the ASX statement released on 17 November, Remunerator brings a strong service reputation, proprietary technology, and long-standing customer relationships, with an average tenure of more than 11 years among its largest clients. The company manages around 2,300 vehicles under management.
The transaction includes an upfront payment of $31.4 million, representing 5.9× LTM September 2025 EBITDA, with up to $8.6 million in deferred and contingent consideration linked to commercial outcomes through to 2028. FleetPartners confirmed the acquisition will be funded from existing cash and debt facilities and is expected to be low single-digit EPS accretive on a pre-synergy basis.
FleetPartners said the purchase “introduces new salary packaging capability and strengthens [the company’s] competitive position in the novated leasing market,” while also expanding growth channels and customer engagement opportunities.
The integration of Remunerator will commence in the first half of 2026.
