Bertram Capital Recaps ProconGPS

San Mateo, Calif.-based private equity firm Bertram Capital has recapitalized ProconGPS Inc., a Knoxville, Tenn.-based maker of GPS tracking products and payment protection systems to the subprime vehicle finance industry. Financial terms of the deal were not released. Bertram Capital has more than $850 million in capital under management.

DealsNorth AmericaUSBriefs