H2 Equity Partners (“H2”) is pleased to announce that it has successfully divested its holding in RAM Tracking (“RAM”) to Kerridge Commercial Systems (“KCS”), a leading, global ERP and business management software company, serving the wholesale, distribution and equipment rental sectors. Headquartered in the UK with 23 International offices, KCS supports customers in 74 countries around the world and is backed by funds managed by CapVest Partners LLP.
RAM is one of the largest and fastest growing specialist providers of fleet and workforce management solutions to small and medium sized businesses (“SMBs”) with operations in the UK and North America. H2 acquired a majority stake from the Founder in 2020 and since then have worked alongside Management to support the continued growth and development of the business.
The key focus of RAM’s growth strategy was to bolster its tracking and camera offering with a growing suite of complementary SaaS solutions. These solutions were specifically designed to support the digitalisation of its SMB customers and help them manage their fleet and workforce more safely, efficiently and effectively. To deliver this strategy, significant investment was made into RAM’s sales, marketing and R&D capabilities, and it was further accelerated through two highly complementary bolt-on acquisitions. The close cooperation between H2 and Management was critical to both the success of the strategy and the exceptional financial performance of the business.
RAM is now well positioned to form a key part of KCS and help it execute its strategy of providing innovative mission-critical software solutions to a growing number of SMB and Enterprise customers around the world.
H2 and Management were supported in this transaction by Arma Partners, Squire Patton Boggs, Liberty Corporate Finance, PwC, Strategy& and Grant Thornton.
