Pamlico Invests in ISAAC Instruments

Pamlico Capital has made an investment in ISAAC Instruments in partnership with the company’s founders.

ISAAC Instruments designs and manufactures automated telemetry and video equipment that is used by truck fleets to monitor both drivers and trucks to improve performance, productivity, compliance, and safety.

Isaac, named after Sir Isaac Newton, was founded in 1999 and is headquartered near Montreal in Saint-Bruno-de-Montarville, Canada. The company’s co-founders, Jacques DeLarochelliere, David Brillon and Jean-Sebastien Bouchard, are maintaining an equity interest in ISAAC in partnership with Pamlico.

“ISAAC’s unique offering has positioned our company well for future growth by providing the leading driver-centric fleet management solution to truck carriers,” said Mr. DeLarochelliere. “Our team is proud of our success to date and is excited to bring in Pamlico as our first institutional equity partner. We plan to leverage their extensive experience investing in transportation technology and successful history of supporting founder-owned businesses, to accelerate our company’s growth and continue our core mission of improving compliance, safety, and performance for truck fleets.”

“We are incredibly excited to partner with co-founder Jacques DeLarochelliere and the rest of the ISAAC management team to help support their next phase of growth,” said Walker Simmons, a partner at Pamlico. “Our investment will allow ISAAC to accelerate core product innovation and expand into new geographical markets.”

Pamlico Capital invests from $25 million to $125 million in companies with annual revenues from $10 million to $150 million and enterprise values from $50 million to $350 million. Sectors of interest include business and technology services, communications, and healthcare. In February 2020, Pamlico held a first and final close of Pamlico Capital V LP at its hard cap of $1.4 billion. Pamlico was founded in 1988 and is based in Charlotte, North Carolina.

“Jacques and the ISAAC team have built a leading driver-centric fleet management solution and have earned outstanding satisfaction scores amongst their clients in an industry where driver attraction and retention are key concerns and where compliance and road safety are crucial,” said Christiane Felts, a vice president at Pamlico.

Vaquero Capital was the financial advisor to ISAAC on this transaction.

Private Equity Professional | September 22, 2020

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