Once, getting off the highway for gas meant a quick detour, with maybe a stop at a convenience store with hot dogs of dubious provenance and facilities that weren’t all that sanitary. But that side-of-the-road experience has changed in recent years. Convenience store chains like Wawa, Sheetz, and Buc-ee’s have garnered cult followings with made-to-order food, branded merchandise, and, yes, super-clean restrooms. Car washes are suddenly everywhere, and many of them offer subscriptions. And gas pumps now share the same stretch of asphalt with EV chargers. Anshooman Aga, CFO of Fortune 500 company Vontier, told CFO Brew that his company is well positioned to capitalize on these trends. The subsidiaries under its umbrella address many different aspects of what’s called the “mobility ecosystem,” he said, and Vontier’s people and processes give it a leg up as well. A multifaceted view on the mobility space: You might not recognize the name Vontier, but if you drive, you’ve very likely encountered the hardware and software it manufactures and supports. Its subsidiaries include gas pump manufacturer Gilbarco Veeder-Root; car repair tools maker Matco Tools; EV charging station business EVolve; car wash software provider DRB; and Invenco, which produces point-of-sale systems and software for convenience stores. They have a broad reach: Vontier technology is used at some 250,000 fueling sites, 65,000 convenience stores, and 17,000 car washes. Having a foothold in so many different parts of the industry gives Vontier an advantage, Aga believes. For more on Vontier’s strategy, click here.—Courtney Vien |