SAINT-BRUNO-DE-MONTARVILLE, Que. – The private equity firm Pamlico Capital has made a growth investment in fleet management solutions provider Isaac Instruments, the two companies announced Wednesday.
Financial details were not disclosed, but they said co-founders Jacques DeLarochelliere, David Brillon and Jean-Sebastien Bouchard will maintain significant ownership in Isaac.
“Isaac’s unique offering has positioned our company well for future growth by providing the leading driver-centric fleet management solution to truck carriers,” said DeLarochelliere.
“Our team is proud of our success to date, and is excited to bring in Pamlico as our first institutional equity partner.”
DeLarochelliere said Isaac plans to leverage Pamlico’s extensive experience investing in transportation technology as well as successful history of supporting founder-owned businesses to accelerate the company’s growth.
Vaquero Capital acted as advisor to Isaac on the transaction.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle-market companies in North America.
“We are incredibly excited to partner with cofounder Jacques DeLarochelliere and the rest of the Isaac management team to help support their next phase of growth,” said Pamlico partner Walker Simmons.
“Our investment will allow Isaac to accelerate core product innovation and expand into new geographical markets.”