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Announced

Completed

Accel-KKR-backed GPS Insight completed the acquisition of Certified Tracking Solutions from HKW.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Acquisition

Single Bidder

Software

Private Equity

Friendly

United States

tracking software

Domestic

Completed

Synopsis

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Accel-KKR-backed GPS Insight, a technology provider of GPS fleet tracking software for fleet-based company, completed the acquisition of Certified Tracking Solutions, a software developer for applications ranging from specialized fleet management telematics solutions to consumer based GPS tracking and vehicle control systems, from HKW, a middle-market private equity firm. Financial terms were not disclosed. "HKW was the right partner at the right time, being instrumental as a resource for building our structure for the next growth phase. They were also tacticians in providing the perfect balance of oversight and guidance as we scaled the team. HKW has exemplified what a true partner is at every stage of our journey, always going above and beyond," Ben Jensen, Certified Tracking Solutions CEO and Co-Founder.

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