Omnitracs, LLC, a portfolio company of Vista Equity Partners, has announced the acquisition of the assets of Shaw Tracking, a fleet management solutions provider, from Shaw Communications Inc. (TSX: SJR.B, SJR.PR.A, SJR.PR.B; NYSE: SJR; TSX-V: SJR.A). The transaction closed in June 2017. Financial terms were not disclosed.
Vista Equity Partners Fund IV acquired the Omnitracs business from Qualcomm Incorporated in November 2013.
Dallas, Texas based Omnitracs, LLC is a leading provider of fleet management software applications, information services, and hardware platforms for the transportation industry.
The acquisition further expanding Omnitracs’ customer base and reach into Canada. The assets of Shaw Tracking will now be integrated into the comprehensive Omnitracs product and service portfolio. The combined organization is now positioned to further assist the Canadian market throughout an entire load lifecycle.
Mike Ham will lead the organization as vice president and general manager of Omnitracs Canada.
Shaw Tracking has been the exclusive Canadian partner of Omnitracs fleet management solutions for over 25 years. The company distributed a wide-range of world-class solutions, including GPS vehicle tracking products, fleet management software and other value-added software applications, which will now be integrated into the broader Omnitracs’ product solutions portfolio.
“Finalizing the acquisition of the assets of Shaw Tracking is a milestone accomplishment for Omnitracs, and represents a significant opportunity for the transportation industry to continue to transform itself through technology,” said John Graham, chief executive officer, Omnitracs. “Our goal is to bring the best technology solutions to transportation and logistics companies, and expanding our presence into the Canadian market furthers this initiative.”
“We’re dedicated to helping carriers throughout this country transition to electronic logging devices, assure regulatory compliance, and most importantly, run more profitable fleets,” said Mike Ham, vice president and general manager of Omnitracs Canada. “Shaw Tracking developed a strong customer network, and we’re committed to continuing to deliver premier solutions and services to this market.”
photo credit: Omnitracs