FleetMind Vice-President Martin Demers to Retire; Safe Fleet Executive Tom Gill to Take on Leadership Role

MONTREAL, Canada – May 30, 2018 – FleetMind Solutions, Inc., part of the Safe Fleet family of brands, today announced that Vice-President Martin Demers, the company’s former CEO and co-owner, will be retiring in August 2018. Mr. Tom Gill, Safe Fleet’s Senior Vice-President of Passenger Transportation, Law Enforcement and Waste, will take over leadership of the company, while current FleetMind management will remain unchanged. FleetMind has increasingly consolidated its strategic operations with complementary sister companies within Safe Fleet.

“I am proud of FleetMind’s impressive growth and achievements over the past years,” said Martin Demers. “I am honored to have led a remarkable team and to have served so many exceptional customers. I look forward to the next chapter of my life and am grateful to be handing off executive responsibilities to a proven and committed team of leaders. As the new head at FleetMind, Tom understands both our company and culture, and shares our commitment to customers. FleetMind’s strengthened bonds within Safe Fleet have positioned the company well for continued growth and success.”

Martin will be working with Safe Fleet management over the next three months to transition leadership activities to ensure continuity. Since its acquisition in 2016, FleetMind has increasingly integrated operations within the Safe Fleet family that now includes a total of five companies focused on technology. The enhanced collaboration has broadened its product and development capabilities and provided access to added resources and
expertise.

“It’s an honor to take on a greater leadership role at FleetMind,” said Tom Gill. “This is an exciting time for FleetMind and our sister Safe Fleet companies as we look to grow our offerings and capitalize on new opportunities. Technology is evolving rapidly, and our ability to innovate will ensure our customers stay at the forefront of the industry. We have a very strong and capable team in place and I look forward to working with them to build on accomplishments to date and exceed customer expectations.”

As a long-time executive in the video surveillance industry, Tom was most recently President of Seon, the leading provider of mobile video surveillance and fleet management solutions for buses. Tom has an extensive background in operations and strategic management and has a proven track record for building robust operational infrastructures to support industry-leading growth.

About FleetMind
FleetMind Solutions is the award-winning technology leader for connected smart truck solutions for waste management fleets. FleetMind develops the industry’s most advanced fleet management solutions specifically for waste and recycling environments. FleetMind systems have been successfully installed in thousands of vehicles across North America to link waste and recycling fleet operations to their drivers and vehicles in real-time to ensure optimal productivity, safety, sustainability, profitability and customer service. FleetMind is a member of the Safe Fleet family, a global leader in safety solutions for fleet vehicles. For more information, visit: www.fleetmind.com.

Oak Hill Capital Partners to Acquire Safe Fleet

Belton, MO – January 9, 2018 – Safe Fleet Holdings, LLC (“Safe Fleet” or “the Company”), the market-leading provider of safety and productivity solutions for fleet vehicles, announced today that it has entered into a definitive agreement to be acquired by Oak Hill Capital Partners (“Oak Hill”). Under the terms of the agreement, Oak Hill will acquire the Company from its current owner, The Sterling Group (“Sterling”).

“We have tremendous respect for what Safe Fleet has accomplished. The Company has built a unique and growing portfolio of market-leading safety and productivity solutions,” said Brian Cherry, a Partner at Oak Hill. “We are excited to partner with Safe Fleet to support the Company through its next phase of development, as it continues to grow both organically and through strategic acquisitions.”

John Rachwalski, a Partner at Oak Hill, added, “Safe Fleet represents an exceptional opportunity to invest in a leader in specialized, niche markets supported by attractive secular tailwinds. We are delighted to work with the Company’s talented management team to continue to build the Safe Fleet platform.”

“Sterling and a strong management team led by John Knox have transformed the business strategically, operationally, and commercially from two small component suppliers to a leader in safety solutions for fleet vehicles,” said Gary Rosenthal, a Partner at Sterling and Chairman of Safe Fleet’s Board of Directors. “The creation and sale of Safe Fleet, a business that didn’t exist before Sterling’s initial acquisitions, is a case study in how Sterling rapidly implements its improvement strategies to build winning businesses.”

“Sterling and the Safe Fleet team successfully executed our shared vision to create a leading safety solutions company serving an expanding group of fleet customers,” said John Knox, President and Chief Executive Officer of Safe Fleet. “We believe our new partnership with Oak Hill, a firm that shares our culture of collaborative engagement and continuous improvement, will even further accelerate Safe Fleet’s growth trajectory as a highly differentiated safety and productivity solutions platform.”

The transaction is expected to close in the first quarter of 2018 and represents the seventh investment in the Oak Hill Capital Partners IV portfolio.

UBS Investment Bank served as financial advisor to Oak Hill in connection with the transaction. Goldman Sachs Bank USA, UBS Securities LLC, and Morgan Stanley Senior Funding, Inc. have underwritten and will arrange first and second lien financing in connection with the transaction. Morgan Stanley & Co. LLC and Harris Williams & Co. served as financial advisors to Safe Fleet in connection with the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel to Oak Hill. Willkie Farr & Gallagher LLP is serving as legal counsel to Safe Fleet and Sterling.

About Safe Fleet

Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide safety and productivity 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 1,200 employees and 11 manufacturing locations, Safe Fleet targets markets with increasing demand for operator, passenger, and pedestrian safety. For more information about Safe Fleet and its portfolio of brands, please visit www.safefleet.net.

About Oak Hill Capital Partners

Oak Hill is a private equity firm managing funds with more than $10 billion of initial capital commitments since inception from leading global endowments and foundations, public and corporate pension plans, sovereign wealth funds, insurance companies, financial institutions, consultants, and family offices. Over the past 30 years, the professionals at Oak Hill and its predecessors have invested in over 85 significant private equity transactions across broad segments of the U.S. and global economies. Oak Hill applies an industry-focused, theme-based approach to investing in the following sectors: Industrials; Consumer, Retail & Distribution; Media & Communications; and Services. Oak Hill works actively in partnership with management to implement strategic and operational initiatives to create franchise value. For more information, please visit www.oakhillcapital.com.

About The Sterling Group

Founded in 1982, Sterling 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 52 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.

Forward-Looking Statements

Statements included herein may constitute “forward-looking statements”, which relate to future events, the future performance, or financial condition of Safe Fleet following the acquisition of Safe Fleet by Oak Hill. These statements are not guarantees of future performance, condition, or results and involve a number of risks and uncertainties. Actual results and condition may differ materially from those in the forward-looking statements as a result of a number of factors.

Oak Hill Capital Partners Media Contact:                                                                   

Kekst & Company
Jeremy Fielding / Aduke Thelwell
+1 (212) 521-4800 / + (212) 521-4837

Safe Fleet Extends Leadership Position in Mobile Video Solutions for Fleet Markets with MobileView® Acquisition

November 30, 2017 – Safe Fleet is pleased to announce the acquisition of MobileView (“MOBILEVIEW”), from Interlogix, a part of UTC Climate, Controls & Security, a unit of United Technologies Corp.

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. 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. “As a result of the MOBILEVIEW acquisition, Safe Fleet is the preeminent provider and offers the broadest and most complete line of video solutions to transit bus & rail authorities.” With the acquisition of MOBILEVIEW, Safe Fleet is now the #1 provider of mobile video solutions to the Transit Bus & Rail market in North America.

“Safe Fleet presents a compelling opportunity to leverage MOBILEVIEW’s capabilities and position the portfolio for growth with transit bus and rail agencies,” said Al Cavagnero, General Manager MOBILEVIEW. “The MOBILEVIEW team is excited to start working with Safe Fleet in developing the next generation of video solutions and comprehensively serving transit authorities throughout North America.”

Financial terms of the purchase were not disclosed.

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.

 

Safe Fleet expands into Law Enforcement with COBAN Technologies Acquisition

October 23, 2017 – Safe Fleet is pleased to announce the acquisition of COBAN Technologies, Inc (“COBAN”).

COBAN is a leading supplier of body cameras and in-car video solutions for law enforcement.  Established in 2002, COBAN’s innovative in-car video and digital evidence management software is used by many of the top police departments in the country.

“COBAN is an excellent addition to Safe Fleet’s portfolio.  The combination of COBAN’s position in law enforcement with Safe Fleet’s leading video positions in School and Transit Bus, Fire, Waste, and Commercial markets firmly establishes Safe Fleet as the largest global provider of video solutions to the fleet market,” stated John Knox, CEO of Safe Fleet.  “Safe Fleet/COBAN is now the only video provider able to comprehensively supply common and integrated video solutions to all First Responder departments as well as all municipal fleet markets.”

“The opportunity with Safe Fleet is compelling for our customers and our employees,” said Doug Dickerson, COBAN CEO.  “I’m excited about the acquisition. COBAN’s technology in body worn camera, in-car video, Artificial Intelligence-based (AI) real-time video analytics, video data and evidence management software combined with Safe Fleet’s comprehensive leading product line in Bus and Commercial markets creates best-in-class video product capabilities and breadth.”

Financial terms of the purchase were not disclosed.

About COBAN Technologies

COBAN Technologies is committed to manufacturing and developing digital video solutions of the highest caliber for public safety agencies. COBAN’s unique design of in-car video systems, interview room systems, body worn cameras, evidence management, and back office management software provides law enforcement with a complete digital solution that maximizes return on investment.  Since 2002, COBAN’s commitment to the highest standards of integrity has contributed to the overall satisfaction of our customers. Thousands of COBAN systems have been deployed by hundreds of police departments across the United States, ranging from small departments with a few vehicles, to large, multi-precinct cities such as the City of Los Angeles and City of Chicago. For more information about COBAN please visit www.cobantech.com.

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 and RV, Truck and Trailer, Work Truck, Emergency, Waste, and 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.

 

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5 Ways to Optimize Pedestrian Safety: Waste Advantage Magazine

The September issue of Waste Advantage magazine includes an article how technology can be used to prevent accidents and improve pedestrian safety around waste management vehicles. This article features technology available from a number of Safe Fleet brands, including Fleetmind, Rear View Safety, Seon, and Specialty manufacturing.Technology showcased to make streets safer for pedestrians includes smart displays and safety dashboards, backup cameras and around vehicle monitoring systems, strobe lights, and vehicle sensor systems.

The article also lists five main strategies to improve safety:

  • Eliminate vehicle blind spots
  • Ensure visibility around the vehicle
  • Keep trucks in good working order
  • Use technology to encourage driver safety
  • Maximize pedestrian alerts

Click here to view the entire article and learn more.