RapidWorks acquires FleetCommand to enhance fleet maintenance solutions

Jan 09, 2025•7 months ago

Acquiring Company

RapidWorks

Acquired Company

FleetCommand

Boston

GuilfordConstructionSoftwareFleet Management

Description

RapidWorks, the leading provider of software solutions for heavy construction equipment companies, has completed the acquisition of FleetCommand. This strategic move is aligned with RapidWorks' mission to deliver integrated, seamless, quote-to-cash solutions that drive greater utilization and profitability for customers in the construction and heavy equipment service industries. The acquisition will allow RapidWorks to offer a world-class fleet maintenance solution to its customers, enhancing their overall experience and delivering value through innovative software solutions.

Company Information

Company

RapidWorks

Location

Boston, Massachusetts, United States

About

RapidWorks is the leader in software solutions for the heavy construction equipment services industry, with hundreds of customers across North America, Europe, and Australia. Rapid ERP, Telematics GPS, and the Rapid On-the-Go mobile apps are the most widely used and trusted software products in the industry, enabling companies to dispatch and manage the complex requirements for construction work involving concrete pumping, hydrovac excavation, crane services dispatch, and other types of heavy construction jobs. With the growing trend of digitalization of the construction industry, RapidWorks' flexible, scalable solutions are poised to lead the future of heavy construction fleet management with innovative mobile and telematics products, and cloud-based optimization and analytics.

Related People

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed