Vehicle intelligence company Spireon has selected Greenbriar Equity Group, L.P. (Greenbriar), a New York-based private investment firm, as its new equity partner. 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 U.S., 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,” said 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.”
“We couldn’t be more excited to have Greenbriar as a partner and our new primary investor,” noted Kevin Weiss, Spireon’s chief executive officer. “Greenbriar’s extensive knowledge and relationships in our industry, along with its financial strength, make it the ideal partner to open new opportunities that will help us reach the next level of growth.”
Financial terms of the transaction were not disclosed.