HKW sells Certified Tracking Solutions to Arizona-based GPS Insight

Company

GPS Insight

Law Firm / Organization
DLA Piper
HKW, a middle-market private equity firm, has sold Certified Tracking Solutions to GPS Insight, which is part of the Accel-KKR portfolio. Certified Tracking Solutions, located in Edmonton, Alberta, delivers cloud-based software for GPS tracking, fleet management, and workflow optimization. Earlier in the year, the company distinguished itself as the first to receive the Canadian Electronic Logging Device (ELD) certification from CSA Group, signaling multiple industry firsts. Ben Jensen, CEO and co-founder of Certified Tracking Solutions, commended HKW for their instrumental role in guiding the company's growth, praising them for striking the right balance of oversight and guidance. HKW had partnered with Certified Tracking Solutions in April 2018, drawn by Jensen's enthusiasm, the company's scalable revenue model, and its varied clientele. During HKW's investment tenure, Certified Tracking Solutions made an add-on acquisition of CAMS, a municipal vehicle tracking software, and also established an office in Scottsdale, AZ. Kent Robinson, a partner at HKW and former Chairman of the Board for Certified Tracking Solutions, expressed gratitude for the collaboration, highlighting Ben Jensen's leadership in a fiercely competitive market and the successful transformation of Certified Tracking Solutions into a SaaS-based, metric-driven firm. For the transaction, DC Advisory was the financial advisor, while Taft Stettinius & Hollister LLP ("Taft") acted as legal counsel to HKW. The transaction value was not provided in the article.
Merger & Acquisition
Tech/Computer/IT
Undisclosed/Confidential
Active