Mon, 24 Feb 2025 | BUSINESS SALE
Leeds-based vehicle tracking and fleet management services provider RAM Tracking has been sold by H2 Equity Partners to Kerridge Commercial Systems (KCS).
RAM Tracking supports small and medium sized businesses (SMBs) with operations in the UK and North America. H2 acquired a majority stake in the company from its founder in 2020 and has worked alongside management to support the continued growth and development of the business.
KCS is an enterprise resource planning and business management software company, serving the wholesale, distribution and equipment rental sectors. Its products include Autopart which is a software solution for businesses that manage automotive parts and inspHire Corporate which is a multi-company, multi-lingual, multi-base currency enterprise-level rental management software
Headquartered in the UK with 23 international offices, KCS supports customers in 74 countries around the world and is backed by funds managed by CapVest Partners LLP.
“The key focus of RAM’s growth strategy was to bolster its tracking and camera offering with a growing suite of complementary software-as-a-service solutions,” a spokesman for H2 said. “These solutions were specifically designed to support the digitalisation of its customers and help them manage their fleet and workforce more safely, efficiently and effectively. To deliver this strategy, significant investment was made into RAM’s sales, marketing and R&D capabilities, and it was further accelerated through two highly complementary bolt-on acquisitions.”
H2 added that the close co-operation between it and management was critical to both the success of the strategy and the exceptional financial performance of the business.
“RAM is now well positioned to form a key part of KCS and help it execute its strategy of providing innovative mission-critical software solutions to a growing number of small to medium sized business and enterprise customers around the world,” the H2 spokesman said.
H2 and RAM’s management were supported in the deal by Arma Partners, Squire Patton Boggs, Liberty Corporate Finance, PwC, Strategy& and Grant Thornton.
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