Investment Summary

Gauge Capital Invests In TVC Pro-Driver

On January 22, 2019, private equity firm Gauge Capital invested in business services company TVC Pro-Driver

Investment Highlights
  • This is Gauge Capital’s 3rd transaction in the Business Services sector.
  • This is Gauge Capital’s 13th transaction in the United States.
  • This is Gauge Capital’s 1st transaction in Oklahoma.
Investment Fate
  • TVC Pro-Driver was sold to a consortium of buyers in 2023.

Investment Summary
Date 2019-01-22
Target TVC Pro-Driver
Sector Business Services
Investor(s) Gauge Capital
Deal Type Stake Purchase

Target

TVC Pro-Driver

Oklahoma City, Oklahoma, United States
website
TVC Pro-Driver is a provider of legal services to commercial drivers, with a strong focus on independent drivers and small fleets. The Company, through a network of over 7,000 attorneys, seeks to achieve favorable case outcomes for its drivers, which allows participating drivers to secure employment and stay on the road. In addition to its legal services, TVC also offers a market-leading fuel discount program, roadside assistance, and insurance products to its drivers and their families. TVC Pro-Driver was founded in 1988 and is based in Oklahoma City.

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Investor(S) 1

Investor

Gauge Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2013
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gauge Capital is a lower middle-market private equity firm focused on acquiring companies throughout the US and Canada. Gauge seeks businesses operating in the business services, healthcare services, consumer products, and food sectors. The Firm targets companies with $5 to $40 million of EBITDA. Prospective transaction situations include management buyouts, recapitalizations, divestitures, take privates, consolidations, and growth capital financings. Gauge Capital was formed in 2013 and is headquartered in Southlake, Texas.

DEAL STATS #
Overall 14 of 33
Sector (Business Services) 3 of 4
Type (Stake Purchase) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 13 of 31
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-24 American Nuts

Sylmar, California, United States

American Nuts is a provider of custom roasting, seasoning, and packaging solutions for high-quality nuts and dried fruits to numerous retail and industrial food customers. American Nuts specializes in dry roasting and offers Kosher products. American Nuts was founded in 1985 and is based in Sylmar, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-31 IRTH Solutions

Columbus, Ohio, United States

IRTH Solutions is a provider of software and services to the underground utility damage prevention industry. Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. Irth's software enables its customers to receive underground construction activity notifications from One Call Centers electronically via irth’s software, replacing traditional fax and email delivery methods with electronic screen notifications efficiently and accurately using geographic information systems (GIS) to streamline the customer's ticket management process. IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio.

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Mergr

Product

Company

Legal