Safe Fleet, a portfolio company of The Sterling Group, has acquired MobileView from Interlogix, a unit of United Technologies. The buy of MobileView is Safe Fleet’s tenth acquisition during Sterling’s ownership and its sixth acquisition in the video and telematics sector.
MobileView is a provider of mobile surveillance and video management services to more than 35,000 transit, bus and rail vehicles in the United States. The company’s products are used by transit and law enforcement agencies to capture, record, analyze, and control video in order to enhance security and increase vehicle uptime (www.mobileviewvideo.com).
Safe Fleet was formed in October 2013 when Sterling acquired R•O•M Corporation (ROM) and Specialty Manufacturing (SMI). Both ROM and SMI were portfolio companies of Century Park Capital Partners. Today, Safe Fleet owns a portfolio of brands that are used in the emergency services, bus and rail, recreational vehicle, truck and trailer, work truck, industrial and military markets. The company has approximately 1,100 employees and 10 manufacturing locations. Safe Fleet is headquartered south of Kansas City in Belton, MO (www.safefleet.net).
“MobileView’s solutions are best-in-class servicing a significant number of transit agencies in North America,” said John Knox, CEO of Safe Fleet. “We believe the addition of MobileView to Safe Fleet’s leading video positions in school and transit bus, fire, law enforcement, waste, and commercial markets extends Safe Fleet’s position as the largest global provider of video solutions to the fleet market.”
“Sterling and Safe Fleet management have partnered together to build a winning business in Safe Fleet,” said Brian Henry, Partner at The Sterling Group. “Through a series of organic initiatives and a wide variety of acquisitions, we have built a business that better serves customers.”
The Sterling Group invests in manufacturing, industrial services and distribution companies that have enterprise values from $100 million to $750 million. The firm emphasizes an operational approach in partnership with management teams to grow and improve the companies it acquires. Sterling was founded in 1982 and is headquartered in Houston (www.sterling-group.com).
© 2017 Private Equity Professional | December 12, 2017
