Oak Hill Capital Partners to Acquire Safe Fleet

Safe Fleet Holdings, LLC, a provider of safety and productivity solutions for fleet vehicles, announced that it has entered into a definitive agreement to be acquired by Oak Hill Capital Partners.

by Staff

January 18, 2018

1 min to read

Safe Fleet Holdings, LLC, a provider of safety and productivity solutions for fleet vehicles, announced that it has entered into a definitive agreement to be acquired by Oak Hill Capital Partners. Under the terms of the agreement, Oak Hill will acquire the Company from its current owner, The Sterling Group.

“We have tremendous respect for what Safe Fleet has accomplished. The Company has built a unique and growing portfolio of market-leading safety and productivity solutions,” said Brian Cherry, a Partner at Oak Hill.

The transaction is expected to close in the first quarter of 2018 and represents the seventh investment in the Oak Hill Capital Partners IV portfolio. UBS Investment Bank served as financial advisor to Oak Hill in connection with the transaction. Goldman Sachs Bank USA, UBS Securities LLC, and Morgan Stanley Senior Funding, Inc. have underwritten and will arrange first and second lien financing in connection with the transaction. Morgan Stanley & Co. LLC and Harris Williams & Co. served as financial advisors to Safe Fleet in connection with the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to Oak Hill. Willkie Farr & Gallagher LLP is serving as legal counsel to Safe Fleet and Sterling.

Topics:Safe Fleet Mergers & Acquisitions Safety

More Safety

A shot of a Volvo electric vehicle with a man charging it in front of a residence.

Top 50 Executive Fleets

It is that time of year again! Time for the 2026 list of the Top 50 Executive Fleets, presented by Automotive Fleet and Volvo as part of its annual Fleet 500. Download now to see this year's list of companies!

Promotional image announcing a partnership between TRUCE and Applause, featuring a driver’s hands on a steering wheel to represent connected fleet technology, driver safety, and mobile device management.

Safety•by News/Media Release•July 30, 2026

Applause & TRUCE Software Partner to Improve Driver Safety Through AI-Powered Telematics & Employee Performance Management

Applause has integrated TRUCE driving metrics directly into its employee-first performance and safety platform that transforms mobile devices into AI-powered telematics.

Work Truck “Trucks, Tips & Tours” promotional graphic featuring a vocational truck approaching a crash-test vehicle, highlighting Detroit Assurance collision mitigation technology with the headline “Collision Mitigation Explained.”

Safety•by Wayne Parham•July 21, 2026

How Detroit Assurance with Active Brake Assist Works

Do you want to see what it is like to experience Detroit Assurance’s Active Brake Assist? In this video, Work Truck will put you in the cab to see how it all works and then hear more details from DTNA’s Mike Young.

Black graphic with large white text reading “Stop Workplace Violence” framed by blue accent lines.

Safety•July 21, 2026

Get Left of Loss: A 5-Step Workplace Prevention Framework for Fleet Operators

Violence risks do not stop at the driver’s door. Learn five practical steps fleets can take to spot threats early and protect workers before loss occurs.

How Better Visibility Cut Speeding Violations by 48%

Fleet leaders don't need more data, they need clearer visibility into what the data is saying. This case study explores how one utility replaced speeding-event counts with a single metric — miles driven in violation — to strengthen safety and significantly reduce speeding violations.