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The automotive remarketing sector is seeing big changes due to an increased use of technology, evolving vehicle mix and shifting expectations from buyers and sellers.
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The proceeds from the new funding will be used to ramp up production to fulfill new orders for electric powertrains for Ford Transits, Ford E-450s, Ford F-59 step vans, Chevrolet Low Cab Forward 6500XD trucks, and Lightning Electric city buses.
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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.
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Telematics vendor GPS Insight has acquired an investment from private equity firm Bregal Sagemount that will fund the company's continued growth as a provider of cloud-based fleet management software, the Scottsdale, Ariz.-based company announced.
Read More →Chicago-based private equity firm GTCR is acquiring video-based telematics supplier Lytx, Inc. for more than $500 million in an all-cash transaction, according to a release.
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The Dutch parent of LeasePlan USA, which is one of the largest global fleet management companies, will be sold to a consortium of investors including pension funds in The Netherlands, Denmark, and Singapore.
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