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New Deal


Announced

Completed

Genstar Capital-backed Clarience Technologies completed the acquisition of Safe Fleet from Oak Hill Capital.

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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Domestic

Majority

Completed

Friendly

United States

safety solutions

Private

Private Equity

Security Equipment

Acquisition

Single Bidder

Synopsis

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Genstar Capital-backed Clarience Technologies, a global provider of visibility and safety technology solutions for transportation, completed the acquisition of Safe Fleet, a company specializing in safety solutions for fleet vehicles, from Oak Hill Capital, a private equity firm focused on the North America middle-market. Financial terms were not disclosed. “Clarience Technologies and Safe Fleet share a common mission of making transportation safer and smarter through technology. The acquisition of Safe Fleet provides our company with critical technologies, deep vocational segment expertise and a portfolio of powerful and complementary safety products that support our vision to provide comprehensive solutions to a broader set of transportation customers around the world," Brian Kupchella, Clarience Technologies Chief Executive Officer.

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