Buyout (LBO, MBO, MBI) • Software

Symmetric Capital Acquires Fleet Complete

On December 23, 2009, private equity firm Symmetric Capital acquired software company Fleet Complete

Acquisition Context
  • This is Symmetric Capital’s 1st transaction in the Software sector.
  • This is Symmetric Capital’s 1st transaction in Canada.
  • This is Symmetric Capital’s 1st transaction in Ontario.
Investment Fate
  • Fleet Complete was sold to a consortium of financial buyers in 2014.
  • Fleet Complete was sold to a publicly-traded strategic buyer in 2024.

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M&A Deal Summary

Date December 23, 2009
Target Fleet Complete
Sector Software
Buyer(s) Symmetric Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Fleet Complete

Toronto, Ontario, Canada
Fleet Complete is a provider of fleet, asset and mobile workforce management solutions and offers its software as a service to approximately 5,000 customers globally. Fleet Complete is based in Toronto, Ontario.
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Buyer Overview 1

Buyer

Symmetric Capital

Burlington, Massachusetts, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 202M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Symmetric Capital is a private equity firm that invests in profitable growth companies in the US and Canada. Symmetric seeks to invest $5 to $25 million to help fund shareholder liquidity needs, growth, acquisitions, or debt reduction. Symmetric will consider majority or minority positions and typically looks for market-leading companies owned by their founders, a family, or small partnership. Sectors of interest include business services, healthcare and life sciences, software, IT services, applied technology, industrial products, education, logistics and distribution, and consumer products. Symmetric was formed in 2007 and is based in Waltham, Massachusetts.


Deal Context for Buyer #
Overall 9 of 13
Sector: Software 1 of 2
Type: Buyout (LBO, MBO, MBI) 6 of 9
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2009 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-22 TekLinks

Birmingham, Alabama, United States

TekLinks, Inc. is a provider of complex technology solutions and managed and cloud services to businesses throughout Alabama, Mississippi, Tennessee, and the Gulf South.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-31 gryphon.ai

Boston, Massachusetts, United States

gryphon.ai is a provider of sales performance management and compliance software. The Company offers an enterprise-grade computer telephony integration platform that automatically screens, collects, and analyzes phone-based sales activity data from any device to transform activity into accurate, actionable sales insight that drives improved sales performance for many of the country’s top consumer-facing companies. gryphon.ai was founded in 1998 and is based in Boston, Massachusetts.

Buy -