Pamlico Capital ("Pamlico") and the management team of ISAAC Instruments inc. ("ISAAC" or the "Company") announced today that Pamlico has completed a growth investment in the Company. Co-founders Jacques DeLarochelliere, David Brillon and Jean-Sebastien Bouchard will maintain significant ownership in ISAAC and will continue to manage the growth of the Company alongside its current management team.
"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 Jacques DeLarochelliere. "Our team is proud of our success to date and is excited to bring in Pamlico as our first institutional equity partner. We plan to leverage their extensive experience investing in transportation technology and successful history of supporting founder-owned businesses, to accelerate our company's growth and continue our core mission of improving compliance, safety, and performance for truck fleets.”
“With the investment from Pamlico, we are confident that we can accelerate our growth and geographic reach, while also continuing to meet the needs of our clients and the market with high-quality and cutting-edge solutions,” added DeLarochelliere.
"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 Walker Simmons, Pamlico Partner. “Our investment will allow ISAAC to accelerate core product innovation and expand into new geographical markets." Christiane Felts, Pamlico Vice President added, "Jacques and the ISAAC team have built a leading driver-centric fleet management solution and have earned outstanding satisfaction scores amongst their clients in an industry where driver attraction and retention are key concerns and where compliance and road safety are crucial."
Vaquero Capital acted as advisor to ISAAC Instruments on the transaction.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle-market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $125 million alongside founders and proven management teams in its target industries; business & technology services, communications, and healthcare. Since inception, the firm, based in Charlotte, NC, has invested over $3 billion. For additional information, please visit www.pamlicocapital.com.
ISAAC’s mission is to connect people and information by providing innovative turnkey solutions to drive truck fleet performance. Its automated telemetry solution transforms complex data into meaningful indicators. With the continuous monitoring of both driver and truck performance, transportation companies can make informed decisions. ISAAC’s integrated mobile communication technology provides real-time connectivity between drivers and company personnel, to optimize operations and maximize profits.