Bertram Capital Sells Tactacam to GTCR
News related to:Tactacam · 2 min read
FOSTER CITY, Calif., Sept. 30, 2026 /CourierPR/ -- Bertram Capital has completed the sale of its portfolio company, Tactacam, to GTCR. This marks the first exit from Bertram Capital Fund V, the firm's 2023-vintage flagship fund. While specific terms of the transaction were not disclosed, the sale represents a significant milestone for both Bertram Capital and Tactacam.
Headquartered in Billings, Montana, Tactacam is a leader in cellular-connected camera technology for outdoor and security markets. The company's flagship REVEAL brand is a category-leading line of cellular trail cameras trusted by hunters and land managers nationwide. Tactacam's Defend brand extends the same cellular platform into property security, providing live-view monitoring of homes, gates, barns, job sites, and other remote locations without the need for Wi-Fi, wiring, or professional installation.
On behalf of the Bertram team, Ryan Craig, a Partner at Bertram Capital, expressed gratitude and congratulations to the founders and employees of Tactacam.
Jeff Peel, Founder and CEO of Tactacam, highlighted the unique partnership with Bertram Capital.
Bertram Capital's involvement in Tactacam was made possible by the excellent teamwork between the Bertram Capital and Bertram Labs teams. The data science team at Bertram Labs, led by Billy Mateker, played an integral role in helping the investment team gain conviction in the company and understanding its potential.
The transaction was facilitated by J.P. Morgan, serving as the financial advisor to Bertram, and the sale process was overseen by legal counsel from Latham & Watkins and Ashurst Perkins Coie.
Bertram Capital, founded in 2006, has raised over $4.0 billion in capital commitments. The firm focuses on investments in lower-middle-market companies, with a particular emphasis on industrial, business services, and consumer sectors with more than $7.5 million of EBITDA. Bertram Capital V is currently managing $45 billion in equity capital and is targeting control investments in these sectors.
GTCR, founded in 1980, is a leading private equity firm that invests behind The Leaders Strategy™, finding and partnering with management leaders in core domains to identify, acquire, and build market-leading companies through organic growth and strategic acquisitions. Since its inception, GTCR has invested more than $35 billion in over 300 companies, and the firm currently manages $45 billion in equity capital. GTCR is based in Chicago with offices in New York and West Palm Beach.
The sale of Tactacam to GTCR is a testament to the success of Bertram Capital's investment strategy and the growth potential of the company.