GI Partners Acquires Majority Stake in Otodata Holdings Inc

MONTREAL, Sept. 1, 2026 /CourierPR/ -- GI Partners has acquired a majority stake in Otodata Holdings Inc., a leading provider of remote monitoring and vehicle tracking solutions, according to a press release from the investment firm. The deal, which does not disclose financial terms, marks a significant step for Otodata as it looks to expand its market reach and technological capabilities.

Founded in 2010, Otodata is headquartered in Montreal, Canada. The company offers full-stack remote monitoring solutions for distributed tank assets, with an installed base of over 3.5 million monitored tanks globally. Otodata's solutions provide real-time data to optimize asset utilization and workforce efficiency, helping customers avoid costly runouts. The company also operates Tag Tracking, a vehicle tracking service that offers theft prevention and stolen vehicle recovery solutions in Canada.

Jeremy Eaton, CEO of Otodata, expressed excitement about the partnership, stating, "GI Partners' deep experience in IoT businesses, combined with their operational and digital infrastructure expertise, will significantly enhance our current offerings and help us better serve our customers. We are eager to accelerate our expansion into new verticals."

Jerry Stapp, Managing Director at GI Partners, added, "Otodata is a best-in-class business operating in a mission-critical category. With strong tailwinds from IoT, AI, automation, and digitization, Otodata is well positioned to capitalize on these opportunities. We are thrilled to partner with Otodata and Renovo to drive continued growth and innovation."

Matt Farrell, a Partner at Renovo Capital, which also retains a minority stake, commented, "Our partnership with Otodata has been highly successful, and we are excited to see the combined team continue to execute flawlessly. Working alongside GI Partners, we believe Otodata can achieve even greater success in the future."

The transaction was advised by Evercore for Otodata and DLA Piper. GI Partners was advised by Robert W. Baird & Co. and Ropes & Gray LLP. Otodata provides industry-leading remote monitoring hardware, software, and applications for various industries, with an installed base of more than 3.5 million monitored tanks across North America, Europe, Latin America, and the Middle East. The company also operates Tag Tracking, a leading provider of vehicle tracking, theft prevention, and stolen vehicle recovery solutions in Canada.

GI Partners, founded in 2001, is a private investment firm with offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. The firm has raised over $50 billion and invests in healthcare, services, and software sectors through its private equity strategy. Renovo Capital, based in Dallas, Texas, focuses on making control investments in technical product and service businesses with potential for operational improvements and strategic initiatives.

With this acquisition, Otodata aims to leverage GI Partners' expertise to accelerate its growth and solidify its position in the remote monitoring and vehicle tracking market.