Ingersoll-Rand plc’s acquisition of GPSI Holdings


Arnold & Porter Kaye Scholer represented Ingersoll-Rand plc in its acquisition of GPSI Holdings, a leading provider of telematics solutions, from Falconhead Capital.

Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, announced that it has entered into an agreement to acquire GPSi Holdings, LLC from Falconhead Capital, LLC. This acquisition strengthens Ingersoll Rand’s telematics portfolio, an important component of its connected technologies strategy.

GPSi is a leading technology provider of cloud-based technology solutions for fleet managers in various transportation markets including education, golf and resorts. Its custom software solutions, combined with a high level of customer support, address diverse needs and are designed to increase productivity and maximize revenue opportunities for fleet owners. It is headquartered in Sarasota, Fla. and has offices in Austin, Texas and East Sussex, England.

For nearly a decade, Ingersoll Rand has been successfully integrating GPSi connectivity offerings with Club Car vehicles to offer a unique golf experience and help owners manage their fleets of cars. Club Car and GPSi have connected 70,000+ vehicles in 50 countries through the Visage platform.

Visage provides fleet owners with real-time tracking, vehicle control and diagnostics, and golfers with an enhanced experience that includes in-vehicle display of course information, food and beverage service, messages and alerts.

The GPSi transaction follows Ingersoll Rand’s 2015 acquisition of Celtrak, the leading telematics provider for transport refrigeration, and will build on a growing portfolio of connected assets.

Thermo King has connected more than 30,000 mobile assets, providing insights on the performance and efficiency of transport refrigeration systems. Drivers and fleet owners benefit from real-time data including vehicle tracking and fuel efficiency. In addition, telematics technologies measure critical performance characteristics such as temperature and air quality that protect the value of transported food, pharmaceuticals and other cargo.

The GPSi acquisition is consistent with Ingersoll Rand’s strategy to help customers solve climate and industrial challenges including energy and fuel efficiency, food waste and productivity. The value of this acquisition was not disclosed or material.

The Arnold & Porter Kaye Scholer team for the transaction included Lowell Dashefsky (Picture), Robert Holton, David Menchel, Laurie Abramowitz, Scott Lent, Jeff London, Peter Danias, Mary Lou Zwick, Gus Weinkam, and Sarah Wilhelm.

Involved fees earner: Lowell Dashefsky – Arnold & Porter Kaye Scholer LLP; Robert Holton – Arnold & Porter Kaye Scholer LLP; David Menchel – Arnold & Porter Kaye Scholer LLP; Sarah Wilhelm – Arnold & Porter Kaye Scholer LLP; Laurie Abramowitz – Arnold & Porter Kaye Scholer LLP; Gus Weinkam – Arnold & Porter Kaye Scholer LLP; Scott Lent – Arnold & Porter Kaye Scholer LLP; Peter Danias – Arnold & Porter Kaye Scholer LLP; Jeffrey L. London – Arnold & Porter Kaye Scholer LLP; Mary Lou Zwick – Arnold & Porter Kaye Scholer LLP;

Law Firms: Arnold & Porter Kaye Scholer LLP;

Clients: Ingersoll-Rand plc;

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Author: Ambrogio Visconti