Accel-KKR completed the acquisition of a majority stake in Rhino Fleet Tracking.

Accel-KKR, a technology-focused private equity firm, completed the acquisition of a majority stake in Rhino Fleet Tracking, a provider of GPS fleet management software and services. Financial terms were not disclosed. “This acquisition times perfectly with the impending launch of our 3rd generation of the Rhino Fleet Tracking application scheduled for release this spring. Accel-KKR’s well-established track record of growing SaaS software businesses perfectly aligns with Rhino Fleet Tracking’s business goals around growth and innovation. This investment connects Rhino Fleet Tracking with the right kind of resources and expertise required to accelerate our efforts to provide the best technology solutions and customer experience to an even larger number of fleet customers throughout the United States and abroad," Steven Van Ooyen, Rhino Founder and CEO.