GrowthPoint advises FieldAware on its acquisition by Accel-KKR
GrowthPoint is proud to announce the acquisition of FieldAware, a leader in the fieldservice industry, by GPS Insight, a portfolio company of Accel-KKR.
Leading the deal team from GrowthPoint was Director, Alex Loukas and Senior Associate, Matt Stern. “We are very excited for the entire FieldAware team, says Loukas. “The combination of GPS Insight’s fleet management products with FieldAware’s comprehensive field service platform and optimization engine will create a true end-to-end solution in the market. This acquisition further demonstrates GrowthPoint’s expertise in the Field Service space in what is now our 6th transaction since 2019″ (RazorSync, MSI Data, ServiceBridge, InvoiceSimple, and ThermoGRID).
GPS Insight, a leading provider of SaaS-based fleet management software and complementary solutions in the United States and Canada, today announced the acquisition of Field Aware, a leader in made-for-mobile, cloud-based field service solutions. The acquisition advances field services and fleet tracking capabilities for GPS Insight, allowing them to better serve customers of all sizes through a more robust and comprehensive digital platform with capabilities to achieve operational insights and cost savings.
“GPS Insight is thrilled to provide even better solutions for our customers through this partnership with FieldAware, while at the same time extending our competitive advantage across the field service and fleet management landscape,” said Gary Fitzgerald, CEO at GPS Insight. “We’re committed to creating tools for businesses to operate with more efficiency,” Fitzgerald adds, “and bringing together these two platforms will provide an unparalleled synergy to guarantee high-quality, reliable service that drives bottom-line profitability, while enabling our customers to deliver a superior end-to-end service experience for their customers.”
The acquisition will better position GPS Insight to expand its field service solutions to meet the unique digital field service challenges of mid-market and enterprise service organizations across core industries, such as industrial and commercial equipment, solar and renewable energy, facility and property management, waste management, construction, HVAC, electrical, and plumbing, while ensuring fleet performance—along with driver safety and compliance—to a customer base of more than 250,000 vehicles combined.
“This is an exciting time for FieldAware to join forces with GPS Insight. This partnership moves FieldAware closer to realizing our vision of fully digitizing and automating a comprehensive, made-for-mobile field operations experience,” said Steve Mason, COO at FieldAware. “Existing and new customers can expect to see benefits immediately as we take our solutions and innovation to a new level to expand the impact of all types of assets in the field.”
Read the full press release here.