Ingersoll-Rand plc Acquires GPSi Holdings, LLC

GPSTrackit (Inverness Graham-backed) Acquires Fleet Trax

March 15, 2019

Cloud & SaaS

Inverness Graham Investments’ portfolio company GPSTrackit has acquired Fleet Trax, Inc. as an add-on to scale its IoT fleet-management and telematics SaaS platform. The acquisition expands GPSTrackit’s technology and vertical market capabilities across North and South America; financial terms were not disclosed.

Accel-KKR Acquires GPS Insight; Merges with InSight Mobile Data and Rhino Fleet Tracking

May 19, 2021

Cloud & SaaS

Accel-KKR acquired GPS Insight, a Scottsdale-based fleet management SaaS provider, and will merge it with two existing portfolio companies, InSight Mobile Data and Rhino Fleet Tracking, to create an end-to-end fleet management, field services and video telematics platform. Gary Fitzgerald will continue as CEO of the combined business, which together serves over 11,000 accounts and more than 225,000 vehicles across North America.

Kohlberg Acquires Majority Stake in GPRS from CIVC

June 29, 2020

Engineering Services

Kohlberg & Company has acquired a majority stake in GPRS Holdings, LLC from CIVC Partners, with GPRS CEO Matt Aston and the management team remaining significant owners and CIVC retaining a meaningful stake. Headquartered in the Toledo area, GPRS is a leading provider of ground penetrating radar, utility locating and concrete scanning services across the U.S.; financial terms were not disclosed.

GPS Trackit (Inverness Graham-backed) Acquires Zonar Systems from Continental

December 3, 2024

Transportation

GPS Trackit, the Inverness Graham-backed fleet telematics and video company, has acquired Zonar Systems from Continental. The deal (terms undisclosed) combines GPS Trackit's video telematics platform with Zonar's smart fleet management capabilities to deepen presence in government, education and commercial fleet markets and expand fleet safety, health and compliance offerings.

GPS Insight Acquires Certified Tracking Solutions

October 11, 2022

Transportation

GPS Insight, an Accel-KKR portfolio company, acquired Certified Tracking Solutions (Titan GPS) from middle‑market PE firm HKW to expand its fleet management and telematics capabilities and extend its reach into Canada. The deal adds ELD-certified solutions, specialty tracking, Bluetooth asset tracking, and field operations tools to GPS Insight's suite of SaaS fleet and field service management products.

Ingersoll Rand Acquires ILC Dover from New Mountain Capital

March 25, 2024

Medical Devices

Ingersoll Rand Inc. agreed to acquire ILC Dover from New Mountain Capital for approximately $2.325 billion in upfront cash plus an earnout tied to 2024 operating metrics. The acquisition establishes a life sciences platform within Ingersoll Rand's P&ST segment, expands the company's presence in biopharmaceutical and medical device markets, and brings ILC's ~2,000+ employees and global manufacturing footprint into the business.