ParkerGale Acquires OnePlus

December 3, 2015

ParkerGale has completed a buyout of OnePlus Corporation, acquiring the IoT waste-monitoring company from its founder and making it the firm’s second investment from its new fund. OnePlus provides patented sensors and software that alert waste haulers and property owners when industrial compactors are full; ParkerGale plans to invest in people, systems, product development and M&A to expand the business.

Buyers
ParkerGale
Targets
OnePlus Corporation
Sellers
Founder (unnamed)
Location
United States
Transaction Type
Buyout

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