October 24, 2017 - We are pleased to announce that SRP Advisors, LLC initiated the transaction and acted as financial advisor to Safe Fleet in connection with the acquisition of COBAN Technologies. Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide increased functionality and integrated solutions for fleet vehicle manufacturers and operators around the world. These brands serve several major markets including: emergency services, bus and rail, truck and trailer, utility, waste, industrial, and military. COBAN Technologies is a leading supplier of body cameras and in-car video solutions for law enforcement. 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. 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.
This transaction extends the successful track record of SRP Advisors working with leading companies in the specialty vehicle components market.
“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.”
John R. Knox
President & CEO
For more information about this transaction or the merger and acquisition advisory services of SRP Advisors, LLC, please contact Sean Prendergast, Managing Partner at 818-514-8959.
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. Safe Fleet is a portfolio company of The Sterling Group, based in Houston, TX. For more information about Safe Fleet please visit www.safefleet.net.
About SRP Advisors, LLC
SRP Advisors, LLC provides merger and acquisition advisory services to both buyers and sellers of middle market companies. SRP Advisors works with owners of private companies across all industry segments who might be interested in exploring alternatives for their company such as a full or partial sale of the business, an investment in the business from a private equity group, or a transition of ownership to management or the next generation of family. SRP Advisors also provides strategic acquisition advisory services for public, private and private equity sponsored companies looking to grow their business through mergers and acquisitions. Contact Sean Prendergast, Managing Partner at 818-514-8959.