Investor exits vehicle tracking and fleet management business

Investment firm, H2 Equity Partners, has divested its holding in Leeds-headquartered RAM Tracking to Kerridge Commercial Systems (KCS).

KCS is an enterprise resource planning and business management software company, serving the wholesale, distribution and equipment rental sectors.

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.

RAM is a specialist provider of fleet and workforce management solutions to small and medium sized businesses with operations in the UK and North America.

H2 acquired a majority stake from RAM’s founder in 2020 and since then has worked alongside the company’s management to support the continued growth and development of the business.

A spokesman for H2 said: “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.

“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.

“The close co-operation between H2 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.”

H2 and RAM’s management were supported in the deal by Arma Partners, Squire Patton Boggs, Liberty Corporate Finance, PwC, Strategy& and Grant Thornton.