Greenbriar Equity Group invests in Spireon
Summary
With over USD3.5 billion in capital and investments in the global transportation and logistics industries, Greenbriar becomes the primary investor in Spireon as a result of the transaction. “Spireon is the leader in vehicle analytics and telematics solutions in the US, with a strong foothold in the automotive and commercial transportation sectors, which makes the company a natural fit with our portfolio of transportation and logistics companies,” says Michael Weiss, Managing Director at Greenbriar. “We look forward to working with the outstanding team at Spireon to accelerate growth and fuel continued innovation in vehicle intelligence solutions.” Greenbriar has close to 20 years of experience investing in and supporting market-leading manufacturing and services businesses in partnership with proven management teams. Spireon fits with Greenbriar’s successful track-record of backing rapidly growing technology-enabled businesses. “We couldn’t be more excited to have Greenbriar as a partner and our new primary investor,” says Kevin Weiss, Spireon CEO.
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