M&A Deal Summary

GPS Insight Acquires TitanGPS

On October 11, 2022, GPS Insight acquired software company TitanGPS from HKW

Acquisition Highlights
  • This is GPS Insight’s 4th transaction in the Software sector.
  • This is GPS Insight’s 1st transaction in Canada.
  • This is GPS Insight’s 1st transaction in Alberta.

M&A Deal Summary
Date 2022-10-11
Target TitanGPS
Sector Software
Buyer(s) GPS Insight
Sellers(s) HKW
Deal Type Add-on Acquisition

Target

TitanGPS

Edmonton, Alberta, Canada
Certified Tracking Solutions develops software for applications ranging from specialized fleet management telematics solutions to consumer-based GPS tracking and vehicle control systems. Certified Tracking Solutions was founded in 2004 and is based in Edmonton, Alberta.

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Buyer(S) 1

Buyer

GPS Insight

Scottsdale, Arizona, United States
Category Company
Founded 2004
Sector Internet Software and Services
DESCRIPTION

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. GPS Insight was founded in 2004 and is based in Scottsdale, Arizona.

DEAL STATS #
Overall 5 of 5
Sector (Software) 4 of 4
Type (Add-on Acquisition) 3 of 3
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 FieldAware

Plano, Texas, United States

FieldAware is a provider of cloud-based, mobile field service management hub, empowering companies to transform their field service with automated processes and streamlined operations. FieldAware is advancing field service with comprehensive solutions including optimized scheduling, dynamic and intelligent forms capture, robust reporting and analytics, AR, and IoT. FieldAware was founded in 2009 and is based in Plano, Texas.

Buy -

Seller(S) 1

SELLER

HKW

Indianapolis, Indiana, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1903
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hammond Kennedy Whitney & Company (HKW) is a private equity firm focused on making control investments in mid-sized, 'market leading' companies generating sales of $5 to $75 million. HKW looks for companies with low risk for technological obsolescence, defined growth strategies, and talented management who want to own equity. Target transaction situations include industry consolidations, corporate divestitures, generational changes in ownership, growth equity, management buy-outs and recapitalizations. HKW prefers North American based opportunities. HKW dates back to 1903, however the Firm transitioned from sole to institutional investors in 2001. The Firm has offices in Indianapolis and New York City.

DEAL STATS #
Overall 37 of 38
Sector (Software) 1 of 1
Type (Add-on Acquisition) 19 of 19
State (Alberta) 3 of 3
Country (Canada) 7 of 8
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-01 Royal Camp Services

Edmonton, Alberta, Canada

Royal Camp Services is a provider of workforce accommodations, catering and complementary services (“Camp and Catering” services) to customers operating in the oil, natural gas, and mining industries in western Canada. Royal Camp Services was founded in 1991 and is based in Edmonton, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Brant InStore

Brantford, Ontario, Canada

Brant InStore is a provider of commercial printing services for retail, restaurant, and automotive industries. Brant InStore is based in Brantford, Ontario.

Sell -
Mergr

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