DALLAS, March 21, 2013 /PRNewswire/ -- Generational Capital Markets, Inc., member FINRA/SIPC, ("GCM") an advisor to privately-held businesses for mergers & acquisitions, is pleased to announce the acquisition of the assets of its client Mentor Engineering, Inc. ("Mentor") by Trapeze Group ("Trapeze"), a subsidiary of Volaris Group ("Volaris").
Mentor Engineering, based in Calgary, Alberta has 25 years of experience specializing in fleet management equipment and mobile workforce management solutions for fleet-based industries. Mentor develops industry leading fleet management software for hours of service monitoring, driver behavior monitoring, taxi cab management, passenger information systems and much more. These solutions complement Trapeze's existing enterprise solutions portfolio for passenger transport providing tight integration with in-vehicle hardware and back-office systems.
"The passenger transport landscape has evolved considerably over the past few years," commented Gordon Howell, President, Mentor Engineering. "More and more transport organizations are moving away from standalone solutions towards integrated solutions that tightly link what's happening in the vehicle with what's happening on the street and in the back office and operations. Becoming a part of Trapeze enables us to more fully provide that integrated solution to the benefit of our business, our customers and the industry."
"We are very excited about this acquisition and the solutions we can now offer our customers. It is definitely a win-win for us and for our customers," stated John Hines, President of Trapeze Group in North America.
Managing Director, John Poythress, and Vice President, Don Ho, led the GCM deal team that advised Mentor on the transaction. John Poythress, stated, "The acquisition with Volaris was an excellent and synergistic choice for Mentor Engineering because both of the acquirer's subsidiaries, Trapeze and AssetWorks, offered products and services in differing segments within their respective markets. Mentor is now part of a much larger organization with enhanced market reach."
About Trapeze Group
Trapeze delivers solutions that consider the full 360 degrees of passenger transport. Whether addressing the needs of a single department, an entire organization, or the community, Trapeze provides some of the most advanced software, intelligent transportation systems and mobile technologies in the industry. Hundreds of government and commercial organizations across North America, Europe and Asia Pacific have turned to Trapeze to realize efficiencies, enhance the quality and scope of their services, and safely transport more people with less cost.
Volaris acquires, strengthens and grows vertical market technology companies enabling them to be clear leaders within their focused industry. Volaris companies provide specialized, mission-critical solutions to vertical markets around the world including Agri-Food, Asset Management and Logistics, Benefits Administration, Cultural Collections Management, Justice, Marine, People Transportation and Rental Management. Volaris is an operating group of Constellation Software Inc
About Generational Capital, LLC
Generational Capital, LLC is a Dallas, TX based merger & acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at www.gencm.com Generational Capital and Generational Capital Markets are affiliated with Generational Equity, LLC. Generational Equity's website is www.genequityco.com and their online newsroom can be found at www.gecpress.com.
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SOURCE Generational Capital Markets, Inc.