Add-on Acquisition • Safety/Security

Clarience Technologies Acquires Safe Fleet

On February 15, 2024, Clarience Technologies acquired safety/security company Safe Fleet from Oak Hill Capital

Acquisition Context
  • This is Clarience Technologies’ 2nd transaction in the Safety/Security sector.
  • This is Clarience Technologies’ 5th transaction in the United States.
  • This is Clarience Technologies’ 1st transaction in Missouri.

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M&A Deal Summary

Date February 15, 2024
Target Safe Fleet
Sector Safety/Security
Buyer(s) Clarience Technologies
Sellers(s) Oak Hill Capital
Deal Type Add-on Acquisition

Target Company

Safe Fleet

Belton, Missouri, United States
Safe Fleet is a provider of safety solutions for fleet vehicles. Safe Fleet owns a portfolio of brands that help its customers improve the safety and efficiency of their fleets, their operators, passengers and pedestrians. Safe Fleet was founded in 2013 and is based in Belton, Missouri.
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Buyer Overview 1

Buyer

Clarience Technologies

Southfield, Michigan, United States

Category Company
Founded 1955
Sector Automotive
DESCRIPTION

Clarience Technologies is a producer of forward and safety lighting, wiring harnesses, turn signal switches and safety accessories for the medium- and heavy-duty truck, trailer and commercial vehicle industries. The company also designs and manufactures Road Ready® telematics systems for heavy- and light-duty trailers and off-road industrial usage; fuel filtration and water separation systems; and rugged LED lighting for the off-road and marine industries. Clarience Technologies was founded in 1955 and is based in Southfield, Michigan.


Deal Context for Buyer #
Overall 6 of 6
Sector: Safety/Security 2 of 2
Type: Add-on Acquisition 6 of 6
State: Missouri 1 of 1
Country: United States 5 of 5
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Fleetilla

Ann Arbor, Michigan, United States

Fleetilla is a telematics provider that serves commercial trucking and transportation for electric and autonomous vehicles. Fleetilla is based in Ann Arbor, Michigan.

Buy -

Seller Profile 1

SELLER

Oak Hill Capital

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.


Deal Context for Seller #
Overall 55 of 56
Sector: Safety/Security 3 of 3
Type: Add-on Acquisition 23 of 23
State: Missouri 1 of 1
Country: United States 46 of 47
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-04 Wire 3

Daytona Beach, Florida, United States

Wire 3 is a fiber optic internet provider dedicated to delivering lightning-fast connectivity and exceptional customer service. Wire 3 is based in Daytona Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-03 Kestra Financial

Austin, Texas, United States

Kestra Financial is a provider of independent advisor platforms that empowers sophisticated independent financial professionals, including traditional and hybrid RIAs, to prosper, grow and provide superior client service. Kestra Financial was founded in 1997 and is based in Austin, Texas.

Sell -