Clarience Technologies in Southfield, a global provider of visibility and safety technology solutions for transportation, has announced the acquisition of Safe Fleet, a leader in safety solutions for fleet vehicles. Terms of the deal were not disclosed.
The acquisition reinforces Clarience Technologies’ mission to bring total visibility to transportation by providing technologies that enhance safety, security, and productivity for customers across the industry, the company states.
The acquisition of Safe Fleet increases Clarience Technologies’ total workforce to more 4,000 employees at nearly 50 locations worldwide.
Safe Fleet joins the Clarience Technologies team of companies, which includes Truck-Lite, ECCO, Code 3, Pressure Systems International, DAVCO, Road Ready, Fleetilla, LED Autolamps, Rigid Industries, and Lumitec.
“Clarience Technologies and Safe Fleet share a common mission of making transportation safer and smarter through technology,” says Brian Kupchella, CEO of Clarience Technologies.
“The acquisition of Safe Fleet provides our company with critical technologies, deep vocational segment expertise, and a portfolio of powerful and complementary safety products that support our vision to provide comprehensive solutions to a broader set of transportation customers around the world.”
Safe Fleet delivers smart safety solutions that help save lives, prevent injuries, and make fleet operators more productive.
The company’s Fleet product portfolio includes technology-enabled solutions for fleet video and evidence management, collision prevention, violation detection, and trailer temperature control, as well as cargo storage systems and several other safety solutions.
“Safe Fleet employees, customers, and partners will benefit from becoming a part of Clarience Technologies,” says John Knox, chairman and CEO of Safe Fleet. “We look forward to joining their team of companies where together we will expand global reach, accelerate innovation, unlock new benefits for customers, and strengthen our safety mission.”
Safe Fleet also is a leading fleet video technology provider in North America, with more than 1.5 million video systems deployed to date. Its integrated safety platform serves fleets of every type including school transportation, transit, fire and emergency, law enforcement, work truck, commercial transportation, logistics, construction, agriculture, waste and recycling, industrial, and military. Safe Fleet customers are supported by its network of service centers and affiliates across North America.
With Safe Fleet, Clarience Technologies strengthens its position in several industry segments, including school transportation, transit, fire and emergency, law enforcement, waste, industrial and recreational vehicles. The acquisition also paves the way for cross-selling opportunities, increased innovation, and an enhanced customer value proposition.
In addition, Clarience Technologies sees an opportunity to provide customers more complete solutions created when select complementary safety and visibility technologies offered across its companies are connected digitally through a common software platform, forming a digital ecosystem that advances safety and visibility.
Clarience Technologies traces its origins to Truck-Lite, a commercial vehicle lighting brand founded in 1955 in Jamestown, N.Y. Since becoming Clarience Technologies in 2020, the company has grown organically and through a series of strategic acquisitions, with Safe Fleet now becoming its most recent acquisition.
UBS Investment Bank served as exclusive financial advisor to Clarience Technologies and Genstar Capital, BMO Capital Markets, and KKR Capital Markets served as capital markets advisors, while Weil, Gotshal & Manges served as legal counsel.
“The addition of Safe Fleet products and technologies underscores the commitment by Clarience Technologies to become the premier provider of safety and connectivity solutions for a diverse range of fleet vehicles,” says Rob Rutledge, managing partner at Genstar Capital.
“We are proud of the success of Clarience Technologies to date and are excited to support the expansion of the combined business through continued investment in new products, technologies, and acquisitions.”
For more information, visit clariencetechnologies.com.
Safe Fleet has 1,900 employees, 16 manufacturing locations, and 13 service centers. For more information, visit safefleet.net.
