We are pleased to announce that SRP Advisors, LLC initiated the transaction and acted as financial advisor to Safe Fleet in connection with the acquisition of FleetMind Solutions. Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide increased functionality and integrated solutions for fleet vehicle manufacturers and operators around the world. These brands serve five major markets including: emergency services, bus and rail, truck and trailer, utility, and industrial. Based in Montreal, Canada, FleetMind delivers the waste industry’s leading “smart truck” solution – onboard computing (OBC) systems that enable waste and recycling fleets to link their drivers and vehicles to business operations in real-time to ensure improved safety, productivity, sustainability and customer service. FleetMind solutions have been successfully installed in thousands of refuse collection vehicles across North America, providing unprecedented real-time information to drivers and dispatchers about a truck’s load-weight, route status, service completion, vehicular telemetry, driver activities and more. FleetMind’s operations will remain in Montreal, and Martin Demers and Martin Lord will continue leading the business.
This transaction extends the successful track record of SRP Advisors working with leading companies in the specialty vehicle components market.
|“The addition of FleetMind expands Safe Fleet’s growing position in fleet management software & hardware for specialty fleet vehicles. The FleetMind product line is complementary to Safe Fleet’s existing fleet management products and expands Safe Fleet’s presence in the waste and recycling market.”
John R. Knox
For more information about this transaction or the merger and acquisition advisory services of SRP Advisors, LLC, please contact Sean Prendergast, Managing Partner at 818-514-8959.