Project Description

Navman Wireless

Prairie Capital Fund IV

Location Glenview, IL
Transaction Type Growth Buyout with Management
Investment Date July 2007
Exit Date December 2012
Buyer Danaher Corporation
Business

Provider of GPS-based commercial fleet management and asset tracking solutions to a diverse base of customers spread throughout 14 countries

Industry Business Services, Technology

Investment Rationale

  • Participant in a large, highly fragmented, under-penetrated global fleet tracking market
  • Strong, equity incentivized management team
  • Sizable and growing installed base leading to market leadership positions in certain geographies
  • Proprietary SaaS solution allowed customers to realize significant operational savings and ROI

Value Add

  • Human Capital
  • Sales & Marketing
  • Technology
  • Supply Chain

We were impressed with Prairie Capital’s genuine enthusiasm, decisiveness and engaging style. They were very flexible in meeting our initial deal requirements.

They always found ways to be helpful in areas where we were deficient. They worked alongside us to solve key issues while advising us on major strategic decisions.

Many of our team still remember Prairie Capital fondly, years after they exited our business. I still seek their advice today.

TJ Chung, Former CEO of Navman Wireless