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Announced

Completed

Bestpass completed the acquisition of Drivewyze from Sageview Capital.

Synopsis

Bestpass-Fleetworthy Solutions, a toll management, safety, and compliance solutions services company, completed the acquisition of Drivewyze, an intelligent transportation system service, from Sageview Capital, an American investment firm. Financial terms were not disclosed. "Drivewyze is a transportation technology leader that offers the industry's best weigh station bypass solution and proactive in-cab safety alerts -- which helps keep drivers and fleets operating more efficiently and safely. The team shares our core focus on innovation and service to drive superior customer value and satisfaction. We have had a very successful partnership in place, and many of our existing customers also use a weigh station bypass solution to reduce operating costs and driver downtime. This strategic move to acquire Drivewyze will allow us to offer customers a more comprehensive, innovative, and integrated solution. We're thrilled to welcome Drivewyze to the Bestpass-Fleetworthy family," Tom Fogarty, Bestpass-Fleetworthy Solutions CEO.

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