Deal Details

Safe Fleet Is Acquired by Clarience

Industrial

Safe Fleet, a portfolio company of Oak Hill, sale to Clarience, a portfolio company of Genstar

Summary

Safe Fleet Holdings, LLC (“Safe Fleet”), a portfolio company of Oak Hill Capital (“Oak Hill”), was recently acquired by Clarience Technologies, LLC (“Clarience”), a portfolio company of Genstar Capital (“Genstar”). The terms of the transaction have not been disclosed.

Baird served as the lead financial advisor to Safe Fleet on this transaction.

About

Safe Fleet is a leading provider of safety, productivity and connectivity solutions for fleet vehicles. Its smart solutions form an integrated safety platform for fleets of every type – School Bus, Transit, Fire, EMS, Law Enforcement, Work Truck, Truck & Trailer, Construction, Agriculture, Waste & Recycling, Industrial and Military. With a broad portfolio of market-leading brands, 1,900 employees, 16 manufacturing locations and 13 service centers, Safe Fleet continues to innovate and deliver the smart safety solutions that fleets need to survive and thrive in a changing world – and help ensure that drivers, passengers and everyone around them arrive home safely. Safe Fleet is headquartered in Belton, Missouri.

Oak Hill is a longstanding private equity firm focused on the North America middle-market. Oak Hill is a specialist, theme-based investor dedicated to investing in the following industry sectors: Media & Communications, Industrials, Services and Consumer. The firm implements a highly systematic approach to theme development, proactive origination and value creation in partnership with management to build franchises of lasting value. Over the past 35+ years, Oak Hill and its predecessors have raised over $20 billion of initial capital commitments and co-investments and invested in over 110 companies. Oak Hill is headquartered in New York, New York.

Clarience is a global leader of visibility and safety technologies for transportation. Born from a collection of leading brands each with a long track record of innovation, its solutions include vehicle lighting, camera and vision systems, telematics and safety solutions that keep people, assets and businesses safe, secure and productive. Clarience is headquartered in Southfield, Michigan.

Genstar is a leading middle-market private equity firm, investing in high quality companies for over 30 years. Genstar currently has approximately $35 billion in assets under management and is focused on investing in financial services, software, industrials and healthcare. Genstar partners with its management teams and network of strategic advisors to grow and transform its portfolio companies into industry-leading businesses. Genstar is headquartered in San Francisco, California.

Industrial

Safe Fleet, a portfolio company of Oak Hill, sale to Clarience, a portfolio company of Genstar