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E.J. Ward Inc. acquired MoneyHaul LLC this month, the company announced.

“MoneyHaul is a perfect fit for us,” said Markay Ward, president and CEO of E.J. Ward Inc. “It allows us to break into new markets within the domestic commercial fleet industry. We can also extend Ward solutions into Mexico while building on our core business legacy of providing state-of-the-art solutions for the transportation market.”

Based in San Antonio, Texas, and Mexico, MoneyHaul was founded in 2016 by Oscar Gonzalez and Mauricio Marquez. The company developed a patent-pending software application focused on aligning the goals of heavy-truck fleet owners and their drivers.

When a driver reaches a targeted goal, he or she receives a share of the savings, and the fleet still saves money. Fleet owners who use the software realize fuel savings, higher driver retention and lower maintenance costs.

MoneyHaul is the only company that offers the savings-based profit-sharing application.

E.J. Ward Inc. has been involved in fleet fuel management technology development since 1974. Ensuring accountability and security of fuel usage by public and private fleets globally, Ward’s suite of solutions provides significant savings for its customers through automated fuel management, tank level management, GPS-based asset tracking, electric vehicle chargers and software as a service application integration.