Investment Summary

Snowbird Capital Exits Fleet Management Solutions

On February 3, 2010, Trafficmaster invested in technology hardware company Fleet Management Solutions from Snowbird Capital

Investment Highlights
  • This is Trafficmaster’s 1st transaction in the Technology Hardware sector.
  • This is Trafficmaster’s 1st transaction in the United States.
  • This is Trafficmaster’s 1st transaction in California.

Investment Summary

Date 2010-02-03
Target Fleet Management Solutions
Sector Technology Hardware
Investor(s) Trafficmaster
Sellers(s) Snowbird Capital
Deal Type Add-on Acquisition

Target

Fleet Management Solutions

San Luis Obispo, California, United States
Fleet Management Solutions, Inc. is a provider of complete solution for all your fleet management and tracking requirements. FMS Mobile Location Tracking Modules maintain continuous GPS location, direction and speed information and combine that with important vehicle data such as engine activity, idle and stop data.

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Investor(S) 1

Investor

Trafficmaster

Cranfield, United Kingdom

Category Company
Founded 1988
Sector Technology Hardware
Employees524
DESCRIPTION

Trafficmaster has developed a suite of fleet management services in the UK, which includes Fleet Director and the award-winning Smartnav, an intelligent route finding service that uses satellite navigation and live traffic information to find best routes and guide drivers around congestion.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Snowbird Capital

Reston, Virginia, United States

Category Mezzanine Finance Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Snowbird Capital is a private investment firm that provides mezzanine capital to smaller middle-market companies with revenues between $5 and $100 million, and cash flow of at least $500K. Snowbird looks to commit $1 to $5 million per transaction, and focuses on companies in a wide range of industries with a preference for businesses located in the US. Investment proceeds are typically used to support buyouts, 'redemption of inactive owners', generational transfers, recapitalizations, and growth financings. Snowbird will not invest in start-ups, real estate development, leasing companies, and foreign companies. Snowbird is located in Reston, Virginia and has an office in California.


DEAL STATS #
Overall 3 of 4
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
State: California M&A 1 of 2
Country: United States M&A 3 of 4
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-10 Skagit Gardens

Mount Vernon, Washington, United States

Skagit Gardens was founded by Jim and Ruth Youngsman. In 1967 they built their first 20' x 150' greenhouse and the rest is history. Skagit gardens is a large wholesale nursery, Skagit Gardens (rhymes with gadget) is located in Mount Vernon, Washington. Most of the time the weather is mild, with cool nights even in summer, but the winter temperatures drop enough to vernalize the perennials, assuring first-season bloom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-02 Sunstone Components Group

Temecula, California, United States

Sunstone Components Group, is a provider of metal stampings and insert injection moldings.

Sell -