OTPP acquired a stake in Fleet Complete from Madison Dearborn Partners.

OTPP acquired a stake in Fleet Complete, one of the fastest growing tech companies in the connected vehicle space, from Madison Dearborn Partners. Financial terms were not disclosed. “I am thrilled to partner with Ontario Teachers’ and it’s a bonus that we both share Toronto as our respective headquarters,” said Tony Lourakis, founder and CEO of Fleet Complete. “Ontario Teachers’ provides Fleet Complete with access to significant long-term capital. This, coupled with our ongoing partnership with MDP, will enable us to continue our fast growth and focus on being the world’s leading provider of mission-critical connected technologies for fleets, assets and mobile workforce-based businesses.”