M&A Deal Summary

Clarience Technologies Acquires Safe Fleet

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

Acquisition Highlights
  • 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.

M&A Deal Summary

Date 2024-02-15
Target Safe Fleet
Sector Safety/Security
Buyer(s) Clarience Technologies
Sellers(s) Oak Hill Capital
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

Clarience Technologies

Falconer, New York, United States

Category Company
Founded 1955
Sector Automotive
DESCRIPTION

Clarience Technologies is a family of brands focused on bringing total visibility to commercial and recreational transportation. Through its data and insights, Clarience improves fleet management, streamlines supply chains and enhances safety on and off the road. And for decades, its collaborative, transparent approach has been turning customers into long-term partners. Clarience Technologies was founded in 1955 and is based in Falconer, New York.


DEAL STATS #
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(S) 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 STATS #
Overall 55 of 55
Sector (Safety/Security) 3 of 3
Type (Add-on Acquisition) 23 of 23
State (Missouri) 1 of 1
Country (United States) 46 of 46
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 -