Accel-KKR Acquires GPS Insight

By Staff Writer June 01, 2021

Accel-KKR, a tech-focused private equity firm with over $10 billion of assets, has acquired GPS Insight, a fleet management software leader. Founded in 2005, GPS Insight provides SaaS-based fleet management software and complementary solutions for Class 3-6 fleets in the United States and Canada. 

Simultaneously, Accel-KKR announced that it is merging GPS Insight with InSight Mobile Data and Rhino Fleet Tracking, two existing Accel-KKR portfolio companies focused on fleet management, field services and GPS tracking. Gary Fitzgerald, CEO of GPS Insight, will continue as CEO of the combined businesses.
“Partnering with an experienced software investor like Accel-KKR and combining forces with IMD and Rhino will give our company a broader platform to capitalize on these trends and give our customers new tools to manage their businesses more efficiently and save them money,” said Gary Fitzgerald, CEO of GPS Insight and the CEO of the combined businesses.

The global fleet management market is poised to reach $34 billion, according to industry studies. Together, GPS Insight, IMD and Rhino serve over 11,000 accounts spanning more than 30 industries and over 225,000 vehicles.

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Last modified on Tuesday, 01 June 2021 12:43