Private equity firm Accel-KKR has acquired GPS Insight, immediately merging it with InSight Mobile Data (IMD) and Rhino Fleet Tracking (Rhino), two Accel-KKR portfolio companies focused on fleet management, field services, and GPS tracking.
The combined entity will offer equipment fleets a platform of management solutions, including GPS tracking, fleet utilization, scheduling and dispatching, and driver safety and compliance.
Founded in 2005, GPS Insight is a provider of SaaS-based fleet management software and complementary solutions for Class 3-6 fleets in the United States and Canada. Gary Fitzgerald, CEO of GPS Insight, will continue in his leadership role as CEO of the combined businesses.
“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. “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. Partnering with an experienced software investor like Accel-KKR and combining forces with IMD and Rhino will give our company a broader platform to capitalize on these trends and give our customers new tools to manage their businesses more efficiently and save them money.”
“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,” said Dean Jacobson, managing director of Accel-KKR. “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.”
Source: Accel-KKR
