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.
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.
More Safety & Compliance
Navigating the Effects of Daylight Saving Time on Work Truck Fleets
Discover how daylight saving time impacts work truck fleets and get essential tips for fleet managers and drivers to navigate the "fall back" transition.
Read More →
How Halloween Changes the Job for Work Truck Drivers
Truck traffic doesn’t take the same Halloween break as other drivers. What fleet managers should know about timing, neighborhood stops, and braking data.
Read More →
Tips for Driving Safely on Halloween Night
This video features a reminder from the Connecticut Department of Transportation (DOT) and the Connecticut Police Chiefs Association, urging drivers to prioritize safety this Halloween.
Read More →From Our Partners
Re-rating Gross Vehicle Weight Ratings (GVWR): Why and How it's Done
Sometimes, it is not in a fleet’s best interests to have a vehicle at a given GVWR. Changing the GVWR to a special value can be done, but the process is complicated.
Read More →
When a Work Truck Gets Stolen, the Real Loss Is Time
A stolen work truck can take more than a vehicle off the road. From tools and access cards to crew downtime, here’s how fleets can prepare for theft before it disrupts the entire workday.
Read More →
Volvo Trucks Marks 25 Years as Exclusive Sponsor of America's Road Team
Volvo Trucks North America will serve as the exclusive sponsor of the American Trucking Associations' America's Road Team, marking 25 years of Volvo sponsorship. The group of professional drivers promotes safety and the industry as they travel the country.
Read More →
Streamlight’s High-Output Scene Light Recognized with Occupational Safety Award
Streamlight’s Portable Scene Light III (PSL III) won the 2026 Occupational Health & Safety (OH&S) New Product of the Year Award in the Lighting category.
Read More →
Fleetworthy Expands Expedited Inspection to 5 States
Following its industry-first launch in Nevada, Fleetworthy’s automated inspection technology is now live in California, Michigan, Vermont, and Maine.
Read More →
Crossing State Lines in a Light-Duty Work Truck? Check These Rules First
Crossing state lines in a lighter work truck? J.J. Keller's Kathy Close explains when IRP registration, trip permits, and towing rules come into play.
Read More →
Simple Tire Checks That Help Keep Your Business Fleet Moving
A survey found that nearly one in every 10 passenger vehicles has at least one bald tire. What's more, 27% -- more than one in four -- of vehicles are driven with one or more severely under-inflated tires.
Read More →