HOUSTON, Dec. 11, 2017 /PRNewswire/ -- The Sterling Group, a private equity firm based in Houston, Texas, announced that its portfolio company, Safe Fleet, has completed the acquisition of MobileView ("MOBILEVIEW") from Interlogix, a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. This marks Safe Fleet's tenth acquisition during Sterling's ownership, as well as their third corporate carve-out. Safe Fleet is a leading supplier of safety components for fleet vehicles.
MOBILEVIEW is the leading provider of mobile surveillance and video management solutions to more than 35,000 transit bus and rail vehicles in the United States. MOBILEVIEW'S products enable transportation professionals to capture, record, analyze, and control video evidence to enhance security, maximize resources, and increase vehicle uptime.
"MOBILEVIEW'S solutions are best-in-class servicing a significant number of transit agencies in North America. We believe the addition of MOBILEVIEW to Safe Fleet's leading video positions in school and transit bus, fire, law enforcement, waste, and commercial markets extends Safe Fleet's position as the largest global provider of video solutions to the fleet market," stated John Knox, CEO of Safe Fleet. Safe Fleet's acquisition of MOBILEVIEW is the company's sixth acquisition in the video and telematics sector.
"Sterling and Safe Fleet management have partnered together to build a winning business in Safe Fleet," said Brian Henry, Partner at The Sterling Group. "Through a series of organic initiatives and a wide variety of acquisitions, we have built a business that better serves customers."
About Safe Fleet
Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide safety solutions to fleet vehicle manufacturers and operators around the world. These brands serve several major markets including: Bus, Rail, RV, Truck & Trailer, Work Truck, Law Enforcement, Emergency, Waste, Industrial and Military. With over 1,100 employees and 10 manufacturing locations, Safe Fleet targets markets with increasing demand for operator, passenger, and pedestrian safety. For more information about Safe Fleet and our portfolio of brands please visit www.safefleet.net.
About The Sterling Group
Founded in 1982, The Sterling Group is a private equity investment firm that targets controlling interests in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies range from $100 million to $750 million. Sterling has sponsored the buyout of 51 platform companies and numerous add-on acquisitions for a total transaction value of over $10.0 billion. Currently, Sterling has over $2.2 billion of assets under management. For further information, please visit www.sterling-group.com.
Past performance is no guarantee of future results and all investments are subject to loss.
SOURCE The Sterling Group