Janes Acquires Global Platforms & Systems (GPS) Business from Avascent

Corpay Acquires GPS Capital Markets

June 19, 2024

Payments & Fintech

Corpay, a global corporate payments company, completed its acquisition of GPS Capital Markets, a business-to-business cross-border and treasury management solutions provider focused on upper middle-market companies in the U.S. Corpay also highlighted that the integration of GPS (along with Paymerang) is expected to contribute meaningfully to profit in 2025 and support scaling its Corporate Payments business.

Oliver Wyman Acquires Avascent

October 17, 2022

Consulting

Oliver Wyman, a business of Marsh McLennan, has entered into an agreement to acquire Avascent, a specialist aerospace and defense (A&D) management consulting firm. The acquisition brings Avascent’s ~130 professionals and deep A&D, government-focused and private equity advisory capabilities into Oliver Wyman’s Transportation & Services and Private Capital practices to strengthen its sector expertise and deal/post-transaction services.

GPS Insight Acquires ClearPathGPS

October 11, 2022

Cloud & SaaS

GPS Insight, an Accel-KKR-backed fleet management platform, has acquired ClearPathGPS, a Santa Barbara–based telematics and fleet tracking SaaS provider. The deal adds a modern SaaS solution to GPS Insight’s product portfolio, expanding its market footprint and accelerating its product roadmap.

Advantage GPS Acquires Asset Tracking Technology

September 28, 2021

Telecommunications

Advantage GPS, an Irvine-based provider of automotive analytics and GPS risk-mitigation solutions, acquired Michigan-based Asset Tracking Technology, a distributor of GPS tracking devices serving subprime lenders, BHPH dealerships and fleets. The acquisition strengthens Advantage GPS's Midwest presence and ability to deliver in-person service and expanded device distribution while the Asset Tracking Technology team will remain to support the transition.

Mercury Systems Acquires Avalex Technologies Corporation

September 27, 2021

Aerospace & Defense

Mercury Systems, Inc. signed a definitive agreement to acquire Avalex Technologies Corporation, a Gulf Breeze, Florida-based provider of mission-critical avionics (rugged displays, communications management, digital video recorders, and warning systems). The all-cash asset purchase (subject to customary adjustments) is expected to be funded with cash on hand and the company's revolving credit facility; Avalex generated approximately $40 million of revenue for the year ended December 31, 2022 with ~25% adjusted EBITDA margins and the deal was expected to close in Mercury's fiscal Q2 2022 (subject to HSR clearance).

CACI International Acquires Ascent Vision Technologies

August 12, 2020

Aerospace & Defense

CACI International Inc. has acquired Ascent Vision Technologies (AVT), a provider of gyro‑stabilized EO/IR imaging systems and counter‑UAS solutions. The acquisition augments CACI's ISR, electronic warfare and system integration capabilities, expanding its offerings for U.S. military and international defense customers.