Skip to content
Search AI Powered

Latest Stories

Private equity firm buys GPS Insight to build fleet management software shop

Accel-KKR combines latest acquisition with two other vendors to serve medium duty trucking sector.

gpsinsight_Image_5-20-21_at_12.09_PM.jpg

The private equity firm Accel-KKR has acquired fleet management software vendor GPS Insight and will merge it with two other transportation technology firms it already owns, making a move to create a “single-point solution leader” for the medium duty trucking sector, the company said Wednesday.

Terms of the deal were not disclosed, but the company said that Gary Fitzgerald, CEO of GPS Insight, will continue in his leadership role as CEO of the combined businesses.

Menlo Park, California-based Accel-KKR will merge GPS Insight with InSight Mobile Data (IMD) and Rhino Fleet Tracking, two firms that provide fleet management, field services, and GPS tracking for Class 3 to Class 6 trucks fleets in sectors such as garbage trucks, construction trade vehicles, and food and beverage distributors.

Together, the three firms serve over 11,000 accounts spanning more than 30 industries and over 225,000 vehicles. They provide services such as GPS tracking, fleet utilization, scheduling and dispatching, and driver safety and compliance. They now plan to expand that range of offerings as fleets adopt broader technologies like 5G wireless networks and connected devices, the firm said.

“Fleet owners continue to grapple with the need to optimize investments in their people and their fleet while providing a high level of customer service and ensuring driver safety and compliance,” Fitzgerald said in a release. “The GPS Insight platform is bringing exciting changes to the industry such as video telematics, tighter integration to field service management, and advanced analytics that transform what fleet management software is capable of doing.”

The acquisition marks Accel-KKR’s latest move in the logistics tech sector, following its 2020 decisions to buy logistics connectivity provider TrueCommerce, the yard management software vendor Pinc Solutions, rail industry software solution provider RailcarRx, and the transportation management system (TMS) software vendors ShipperConnect and ShipXpress.

The firm now appears to be following a similar strategy with its GPS Insight deal, combining the firm with complementary vendors to create a single provider with greater scale. “We are thrilled to bring these businesses together with a unified vision of what the next best-in-class leader in fleet management can deliver in the marketplace,” Dean Jacobson, managing director of Accel-KKR, said in a release. “Fleet, field, cameras, analytics: these are all converging to provide actionable insights and deliver significant value to customers. We believe the platform comprising GPSI, IMD, and Rhino will be poised to be a powerful, single-point solution leader in the industry.”

Recent

More Stories

image of laptop against an orange background

Companies need to plan for top five supply chain risks of 2025

The five most likely supply chain events that will impact business operations this year include climate change/weather, geopolitical instability, cybercrime, rare metals/minerals, and the crackdown on forced labor, according to a report from supply chain risk analytics provider Everstream Analytics.

“The past year has been unprecedented, with extreme weather events, heightened geopolitical tension and cybercrime destabilizing supply chains throughout the world. Navigating this year’s looming risks to build a secure supply network has never been more critical,” Corey Rhodes, CEO of Everstream Analytics, said in the firm’s “2025 Annual Risk Report.”

Keep ReadingShow less

Featured

image of earth from space

Maersk offers 5 steps to make your supply chain “antifragile”

Companies worldwide faced waves of business disruptions throughout the past year, but as 2025 is predicted to be just as complex as 2024, global cargo carrier Maersk has listed five steps for making supply chains “antifragile.”

Maersk’s overall view of the coming year is that the global economy is expected to grow modestly, with the possibility of higher inflation caused by lingering supply chain issues, continued geopolitical tensions, and fiscal policies such as new tariffs. Geopolitical tensions and trade disruptions could threaten global stability, climate change action will continue to shape international cooperation, and the ongoing security issue in the Red Sea is expected to continue into 2025.

Keep ReadingShow less
chart on HR practices

Workplace report finds 5 trends sweeping the global labor pool

Waves of change are expected to wash over workplaces in the new year, highlighted by companies’ needs to balance the influx of artificial intelligence (AI) with the skills, capabilities, and perspectives that are uniquely human, according to a study from Top Employers Institute.

According to the Amsterdam-based human resources (HR) consulting firm, 2025 will be the year that the balance between individual and group well-being will evolve, blending personal empowerment with collective goals. The focus will be on creating environments where individual contributions enhance the overall strength of teams and organizations, and where traditional boundaries are softened to allow for greater collaboration and inclusion.

Keep ReadingShow less
U.S. and China flags with a photo overlay of Ashray Lavsi

What happens to global supply chains if China attacks Taiwan?

For an island measuring a little less than 14,000 square miles (or about the size of Belgium), Taiwan plays a crucial role in global supply chains, making geopolitical concerns associated with it of keen interest to most major corporations.

Taiwan has essentially acted as an independent nation since 1949, when the nationalist government under Chiang Kai-shek retreated to the island following the communist takeover of mainland China. Yet China has made no secret of the fact that it wants to bring Taiwan back under its authority—ambitions that were brought to the fore in October when China launched military drills that simulated an attack on the island.

Keep ReadingShow less

Six logistics trends to watch

As we look toward 2025, the logistics and transportation industry stands on the cusp of transformation. At the Council of Supply Chain Management Professionals (CSCMP), we’re committed to helping industry leaders navigate these changes with insight and strategy. Here are six trends that we believe will form the competitive landscape of tomorrow.

1. Digital transformation and data integration: Technology continues to reshape every facet of logistics. Advanced analytics, artificial intelligence, and machine learning are becoming increasingly integrated into supply chain operations, driving efficiency, reducing costs, and enabling proactive decision-making.

Keep ReadingShow less