M&A Deal Summary

ICV Capital Partners Acquires FleetOptics

On September 1, 2022, private equity firm ICV Capital Partners acquired transportation company FleetOptics

Acquisition Highlights
  • This is ICV Capital Partners’ 3rd transaction in the Transportation sector.
  • This is ICV Capital Partners’ 1st transaction in Canada.
  • This is ICV Capital Partners’ 1st transaction in Ontario.

M&A Deal Summary
Date 2022-09-01
Target FleetOptics
Sector Transportation
Buyer(s) ICV Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

FleetOptics

Mississauga, Ontario, Canada
FleetOptics is a final mile delivery specialist that utilizes proprietary technology for efficient delivery execution. The Company partners with marquee companies spanning the beauty, apparel, jewelry, and sporting goods sectors to deliver small-packages. FleetOptics was founded in 2015 and is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

ICV Capital Partners

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ICV Capital Partners is a private equity firm focused on making equity investments in US-based middle-market companies. ICV seeks control investments in companies with annual revenues between $25 and $300 million and EBITDA between $10 and $40 million. ICV prefers businesses with existing/proven management and operating in stable industries. Target transactions include non-core divestitures, take-privates, and acquisitions of private companies in partnership with management. ICV Capital Partners was founded in 1998 and has offices in New York and Atlanta, Georgia.

DEAL STATS #
Overall 31 of 33
Sector (Transportation) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 13 of 13
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Beacon Global Strategies

Washington, District of Columbia, United States

Beacon Global Strategies is a strategic advisory firm specializing in national security, defense and intelligence, cybersecurity, and homeland security serving approximately 70 clients. Beacon Global Strategies was founded in 2013 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Sullivans

Sioux Falls, South Dakota, United States

Sullivans is a designer and distributor of seasonal and all-occasion home décor products that are sold principally to independent and specialty channel retail customers in the U.S. The Company's primary product lines include holiday and celebration decorations, permanent floral and foliage products, home décor items and accessories. Sullivans was founded in 1968 and is based in Sioux Falls, South Dakota.

Buy -
Mergr

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