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Mergers & Acquisitions

Bridgestone Acquires TomTom Telematics

Bridgestone Europe N.V. will acquire TomTom's commercial telematics business, which is the largest among European fleet telematics providers, to create a leading data platform for connected vehicles, the company has announced.

Bobit Business Media Sold to Gemspring Capital

Bobit Business Media has been acquired by Gemspring Capital, a middle-market private equity firm. Bobit, which bought HDT in 2012, was founded by Ed Bobit in 1961 with Automotive Fleet and today is a successful business-to-business media company in the fleet, transportation, beauty, and law enforcement industries.

Spireon Sold to N.Y. Private Equity Firm

New York-based Greenbriar Equity Group has acquired Spireon, Inc. from Bertram Capital, a San Mateo-based equity firm that has presided over the expansion of the telematics provider.

Verizon Telematics Expands Offerings

Verizon Telematics has become the largest provider of built-in telematics and mobile applications for commercial vehicles and has moved closer to rebranding its product offerings for its customers, CEO Andrés Irlando told an audience gathered at the annual Latitude conference.

U.S. Fleet Upfitting Industry Experiencing Uptick in Consolidation

The fleet industry in the United States is no stranger to acquisitions and mergers as we have witnessed with the decades long consolidation occurring among fleet leasing and management companies, automotive OEMs and their suppliers, and daily rental companies. The same holds true for the upfitting industry, which, in the first eight months of 2017, witnessed an uptick in acquisitions.

Intel, Mobileye to Test 100 Fully Autonomous Cars

Intel-owned Mobileye will start building a fleet of 100 fully autonomous vehicles with a Level 4 of autonomy requiring driver interaction only to prevent an accident that the company will test in the U.S., Europe, and Israel, Intel has announced.

J.B. Poindexter Acquires Masterack

Masterack LLC, maintains its corporate headquarters in Decatur, Ga., a manufacturing plant in Social Circle, Ga., and five company-owned installation facilities across the United States. It will operate as an independent business unit within JBPCO.