Five Points Capital has provided a debt facility and equity financing to support GPSTrackit‘s growth initiatives and its acquisition of TSO Mobile, a provider of SaaS-based asset tracking and fleet management solutions for fleets and municipalities. No financial terms were disclosed. GPSTrackit is backed by Inverness Graham Investments.
Five Points Capital provided a unitranche debt facility and an equity co-investment to GPSTrackit to fund its growth initiatives and the add-on acquisition of TSO Mobile. GPSTrackit is backed by Inverness Graham Investments.
GPSTrackit provides SaaS-based fleet management for small and medium-sized fleets in North America. GPSTrackit integrates GPS vehicle tracking software with numerous hardware devices and offers subscription-based services tied to a web-based platform.
TSO Mobile provides SaaS-based asset tracking and fleet management solutions for fleets and municipalities across North and South America.
About Five Points Capital
Founded in 1997, Five Points Capital is a leading private equity manager, exclusively focused on the U.S. lower middle market. Five Points manages private equity, mezzanine and small buyout fund-of-funds strategies focused on supporting the capital needs of private, growth-oriented companies and financial sponsors. We make direct equity investments as the lead investor, or co-investor with other private equity groups, in control transactions of privately-held companies, we provide subordinated debt with equity co-investments in support of financial sponsors and others, and we invest in other private equity funds. Since inception, Five Points has managed over $1.3 billion in client committed capital. Five Points’ 25 member team is headquartered in Winston-Salem, NC and is an investment advisor registered with the U.S. Securities and Exchange Commission.