Parties
Company
GI Data Infrastructure
Company
BusPatrol
Company
F.I.T. Ventures L.P.
On January 8, 2024, BusPatrol, a leader in school bus safety solutions, announced it received a significant growth investment from GI Data Infrastructure, a subsidiary of GI Partners. This investment marks a crucial step in expanding BusPatrol's offerings and reinforcing its market leadership. Since its establishment in 2017, BusPatrol has partnered with school districts, law enforcement, and municipalities across 16 states to enhance the safety of over 20,000 school buses.
This financial boost from GI Data Infrastructure will enable BusPatrol to further diversify its product suite, which includes stop-arm violation enforcement tools, internal cameras, and telematics data, all aimed at ensuring safe student transportation. The investment will also facilitate BusPatrol's expansion into new markets and help increase its market share.
GI Partners expressed confidence in BusPatrol’s growth prospects and its significant role in public child safety. FIT Ventures, a long-term investor since 2017, also reaffirmed its commitment to BusPatrol's vision and growth strategy, emphasizing the company's unique full-fleet safety solution.
Moelis & Company LLC acted as the exclusive placement agent for BusPatrol, while Skadden, Arps, Slate, Meagher & Flom LLP, and Osler, Hoskin & Harcourt LLP provided legal advice. Ropes & Gray LLP and Alvarez and Marsal served as GI Partners' legal and commercial advisors, respectively.
Deal Type
Financing/InvestmentIndustry
TransportationTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
08 January 2024