Vista's Omnitracs to buy Shaw's fleet management solutions unit
Omnitracs LLC has agreed to acquire the assets of Shaw Tracking, a fleet management solutions provider in Canada, from Shaw Communications Inc. No financial terms were released for the deal, which is expected to close this summer. Omnitracs, a Dallas-based fleet management solutions specialist, said the buy puts it at the forefront of responding to major changes in the Canadian transportation industry. Omnitracs has been backed by U.S. private equity firm Vista Equity Partners since 2013. The Wall Street Journal recently reported that Vista is planning to sell the business for as much as US$2 billion.
5 June 2017•4 mins read
