Goodwin Procter attorneys advised Thoma Bravo and its portfolio company, Roadnet Technologies, Inc., a provider of vehicle routing and scheduling software, in the December 2013 sale of Roadnet to Omnitracs LLC. According to the agreement, Roadnet will continue to operate under its existing name.
Roadnet, headquartered in Baltimore, MD, provides fleet management and logistics software applications that offer strategic territory and street-level route plans, multi-stop vehicle routing and scheduling, wireless dispatch and proof of delivery and real-time GPS tracking. Roadnet solutions manage more than 250,000 vehicles each day.
Omnitracs is a provider and pioneer of fleet management software applications, information services, and hardware platforms. The company’s technologies, including solutions for safety and compliance, fuel efficiency, driver retention, GPS fleet tracking, and fleet maintenance, enable its customers to solve common fleet problems and achieve their business objectives. Omnitracs serves over 2,500 private and for-hire fleet customers and more than 270,000 vehicles throughout North American and Latin America. Omnitracs was acquired earlier in 2013 by Vista Equity Partners.
Thoma Bravo, a private equity investment firm with offices in Chicago and San Francisco, provides equity and strategic support to experienced management teams and growing companies. The firm seeks to partner with a company’s management to improve business operations and make strategic acquisitions that will accelerate growth. Thoma Bravo invests across multiple industries, with a particular focus on application and infrastructure software and financial and business services. The firm currently manages private equity funds representing more than $4 billion of equity commitments.
The Goodwin team advising Thoma Bravo and Roadnet was led by partner Hovey Kemp, and included Cammy Contizano, Dennis O’Reilly and Alese Bagdol (Corporate), Robert Crawford (IP), Scott Webster and Sarah Bock (Employee Benefits), Janet Andolina and David Patton (Tax), Nathan Brodeur (Environmental) and Todd Hahn (HSR).
Additional information regarding the sale of Roadnet is available in the Omnitracs press release.