Accel-Kkr Acquires Fleet Management Software Leader Gps Insight; Merges with Portfolio Companies Insight Mobile Data and Rhino Fleet Tracking

Combined Businesses to Create Best-in-Class End-to-End Platform for Fleet Management, Field Services and Video Telematics Software

Accel-KKR, a leading tech-focused private equity firm with over $10 billion of assets under management, today announced that it has acquired GPS Insight, a fleet management software leader. Founded in 2005, GPS Insight provides SaaS-based fleet management software and complementary solutions for Class 3-6 fleets in the United States and Canada.

Simultaneously, Accel-KKR announced that it is merging GPS Insight (“GPSI”) with InSight Mobile Data (“IMD”) and Rhino Fleet Tracking (“Rhino”), two existing Accel-KKR portfolio companies focused on fleet management, field services and GPS tracking. Gary Fitzgerald, CEO of GPS Insight, will continue in his leadership role as CEO of the combined businesses.

The global fleet management market is poised to reach $34 billion, according to industry studies. Together, GPS Insight, IMD and Rhino serve over 11,000 accounts spanning more than 30 industries and over 225,000 vehicles. Customers from national enterprise accounts, government entities, energy, utilities to small field services teams rely on GPSI, IMD and Rhino for a wide range of mission-critical tasks including GPS tracking, fleet utilization, scheduling and dispatching, and driver safety and compliance. Broader adoption of technologies such as 5G, and connected devices coupled with an increased need for operational productivity, have driven customer demand for single-suite technology platforms with highly extensible solutions for any size of fleet.

DC Advisory served as financial advisor to GPS Insight.

About GPS Insight

GPS Insight helps customers engage their fleet by delivering innovative solutions and actionable insights. Organizations across North America turn to GPS Insight when they have high fleet operating costs, are worried about safety on the roads, and have inefficiencies that waste valuable time and money. GPS Insight offers best-of-breed technology for organizations with drivers and technicians in the field, fleets of vehicles, trailers, and other mobile assets. GPS Insight provides many fleet solutions that include vehicle and asset tracking, in-cab smart cameras, field service management, and compliance solutions.

About InSight Mobile Data

InSight Mobile Data develops innovative, flexible fleet management, asset tracking and mobility solutions that provide real-time visibility into the mobile work environment. Our solutions deliver the ability to capture, analyze and integrate business-critical data from ALL mobile resources – vehicles, equipment and mobile employees – through one fully configurable and user-friendly platform. Visit insightmobiledata.com for more.

About Rhino Fleet Tracking

Rhino Fleet Tracking provides intuitive fleet tracking service to all sizes of commercial business throughout the United States and abroad. Rhino Fleet Tracking’s services allow business fleets to capture very quick returns on investment through labor and fuel savings, gains in operational efficiency, and theft recovery. Service offerings include solutions for vehicle, trailer, and equipment tracking via cloud-based mobile and desktop applications. For more, visit rhinofleettracking.com.