SCOTTSDALE, Ariz. (May 30, 2018) – GPS Insight announced an investment from Bregal Sagemount aimed at supporting the company’s continued growth.
GPS Insight is a leading provider of software as a service (SaaS)-based fleet management software to customers with fleets ranging from a few vehicles to several thousand vehicles across a diverse array of industries. Bregal Sagemount is a growth-focused private equity firm that provides capital and strategic assistance to market-leading companies. Following several years of significant growth, GPS Insight plans to work in conjunction with Bregal Sagemount to further augment its solutions, expand its market reach, and drive substantial value for its customers.
“GPS Insight is excited to formally partner with the Bregal Sagemount team, whom we have had the pleasure of knowing for many years,” said Rob Donat, founder and chief executive officer (CEO). “We have grown rapidly since our founding in 2005 and take great pride in the high-quality solutions and services we provide to our customers. Sagemount is the right partner to assist in advancing our suite of offerings and driving the next phase of growth for GPS Insight.”
“GPS Insight has emerged as a market leader in the telematics space through its unprecedented product flexibility, innovative development initiatives, and steadfast dedication to customer service,” said Phil Yates, founding partner at Bregal Sagemount. Michael Kosty, principal at Sagemount, added, “We are thrilled to partner with Donat, his exceptional management team, and the entire GPS Insight organization. We look forward to building upon the fantastic foundation in place at GPS Insight and further propelling the company’s rapid expansion.”
Bregal Sagemount’s investment was led by Phil Yates and Michael Kosty, who will join the GPS Insight board. The investment in GPS Insight marks the sixth logistics technology investment made by the firm in the past 5 years. DCS Advisory, led by Managing Director Dave Dolan, acted as GPS Insight’s exclusive financial advisor.
For more information, visit GPS Insight.
