Investment Summary

TorQuest Partners and Arva Exits Global Traffic Technologies

On October 28, 2016, Gilbarco invested in information technology company Global Traffic Technologies from TorQuest Partners and Arva

Investment Highlights
  • This is Gilbarco’s 1st transaction in the Information Technology sector.
  • This is Gilbarco’s 3rd transaction in the United States.
  • This is Gilbarco’s 1st transaction in Minnesota.
Investment Fate
  • Global Traffic Technologies was divested to a consortium of strategic buyers in 2023 for 107M USD.

Investment Summary

Date 2016-10-28
Target Global Traffic Technologies
Sector Information Technology
Investor(s) Gilbarco
Sellers(s) TorQuest Partners
Arva
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)
Stikeman Elliott (Legal)

Target

Global Traffic Technologies

St. Paul, Minnesota, United States
Global Traffic Technologies is a provider of traffic management technology to provide solutions that are deployed in 60,000 intersections and 30,000 vehicles in more than 1,500 cities worldwide including every U.S. state. Global Traffic Technologies was formed in 2007 and is based in St. Paul, Minnesota.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

Gilbarco

Greensboro, North Carolina, United States

Category Company
Founded 1870
Sector Information Technology
DESCRIPTION

Gilbarco, Inc. (dba Gilbarco Veeder-Root) is a technology provider for retail and commercial fueling operations. They offer the broadest range of integrated solutions from the forecourt to the convenience store and head office.


DEAL STATS #
Overall 4 of 5
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 5
State: Minnesota M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-12 Odysii Technologies

Herzliya, Israel

Odysii Technologies Ltd. is a provider of marketing intelligence software solutions for one-on-one marketing and suggestive selling at the point-of-purchase.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-17 Orpak Systems

Bnei Brak, Israel

Orpak Systems Ltd. is a provider of comprehensive solutions to oil companies and commercial fleets thorough its hardware, software, and services enhance the entire retail fuel network and fleet management value chains, be it the single fuel transaction, retail network optimization or business analytics.

Buy -

Seller(S) 2

SELLER

TorQuest Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 3.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TorQuest Partners is a Canadian mid-market private equity firm. TorQuest invests in established companies that deal in manufacturing, business services, financial services, industrial products, food, consumer products, and chemicals. Prospective transaction situations include family successions, recapitalizations, corporate carve-outs, and buyouts. Torquest targets businesses valued from C$40 to C$250 million where the firm can commit C$20 to C$100 million. TorQuest Partners was formed in 2002 and is based in Toronto.


DEAL STATS #
Overall 14 of 27
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 12
State: Minnesota M&A 1 of 1
Country: United States M&A 4 of 6
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-25 McKeil

Burlington, Ontario, Canada

McKeil is a marine transportation company delivering turnkey solutions to customers with a wide range of transportation and project requirements. McKeil was founded in 1956 and is based in Burlington, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-20 Can Art Aluminum Extrusion

Brampton, Ontario, Canada

Can Art Aluminum Extrusion is a North American manufacturer of aluminum extrusions. Can Art produces aluminum extrusions in a wide variety of custom and standard shapes, which are used as inputs by a diverse range of customers and end markets, including transportation, building and construction, electrical, consumer durables, and machinery and equipment, among others. Can Art Aluminum Extrusion was founded in 1988 and is based in Brampton, Ontario.

Buy -
SELLER

Arva

Toronto, Ontario, Canada

Category Family Office
Founded 1956
Size Small
Type Sector Agnostic
DESCRIPTION

Arva Limited is a family backed private investment firm focused on purchasing or acquiring interests in companies with strong fundamentals and growth potential. Arva invests in businesses whose owners are seeking an exit or who will benefit from the Firm's financial and strategic support. Target sectors include manufacturing (especially manufacturing companies with industrial customers) and telecom. Arva was formed in 1956 and is based in Toronto.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-27 Global Traffic Technologies

St. Paul, Minnesota, United States

Global Traffic Technologies is a provider of traffic management technology to provide solutions that are deployed in 60,000 intersections and 30,000 vehicles in more than 1,500 cities worldwide including every U.S. state. Global Traffic Technologies was formed in 2007 and is based in St. Paul, Minnesota.

Buy -