Terms of the deal were not disclosed, but the company said that Gary Fitzgerald, CEO of GPS Insight, will continue in his leadership role as CEO of the combined businesses.
Menlo Park, California-based Accel-KKR will merge GPS Insight with InSight Mobile Data (IMD) and Rhino Fleet Tracking, two firms that provide fleet management, field services, and GPS tracking for Class 3 to Class 6 trucks fleets in sectors such as garbage trucks, construction trade vehicles, and food and beverage distributors.
Together, the three firms serve over 11,000 accounts spanning more than 30 industries and over 225,000 vehicles. They provide services such as GPS tracking, fleet utilization, scheduling and dispatching, and driver safety and compliance. They now plan to expand that range of offerings as fleets adopt broader technologies like 5G wireless networks and connected devices, the firm said.
“Fleet owners continue to grapple with the need to optimize investments in their people and their fleet while providing a high level of customer service and ensuring driver safety and compliance,” Fitzgerald said in a release. “The GPS Insight platform is bringing exciting changes to the industry such as video telematics, tighter integration to field service management, and advanced analytics that transform what fleet management software is capable of doing.”
The firm now appears to be following a similar strategy with its GPS Insight deal, combining the firm with complementary vendors to create a single provider with greater scale. “We are thrilled to bring these businesses together with a unified vision of what the next best-in-class leader in fleet management can deliver in the marketplace,” Dean Jacobson, managing director of Accel-KKR, said in a release. “Fleet, field, cameras, analytics: these are all converging to provide actionable insights and deliver significant value to customers. We believe the platform comprising GPSI, IMD, and Rhino will be poised to be a powerful, single-point solution leader in the industry.”
The GPS Insight family is growing! We've been acquired by Accel-KKR – as part of this acquisition, we will also merge with InSight Mobile Data and Rhino Fleet Tracking.https://t.co/M2Tl3vW2Nz