Case StudyOtodata Wireless Network

Company Overview

Otodata provides remote monitoring solutions to the residential and commercial fuels and industrial gas markets in the US, Canada, Middle East and South America. In addition, through the Tag Tracking brand, the company also provides anti-theft devices and services for vehicles in Quebec and Ontario.

Company Highlights

Website

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Sector

Industrial IOT

Headquarters

Montreal, QC

Acquisition

Dec. 2020

Status

Active Investment

Fund

RCF III

Value Creation

Approach

Installing the infrastructure and professionalization to support continued core market growth while targeting internal and external initiatives in product development and new end markets to build a diversified remote monitoring platform.

Add Scale & Technology Via Acquisition

Add Scale & Technology Via Acquisition

Pursue Organic Growth Via New Products & Geographic Expansion

Pursue Organic Growth Via New Products & Geographic Expansion

Reduce Hardware Cost Through Value Engineering

Reduce Hardware Cost Through Value Engineering

About Renovo

Renovo Capital is a Dallas, TX – based lower middle market private equity firm comprised of seasoned operating and investing professionals. Renovo makes control investments in technical businesses that have the potential to generate meaningful value through operational improvements and strategic initiatives. Since its founding in 2009, Renovo has completed over 35 transactions and raised over $400 million of committed capital.

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