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Smith System Announces Acquisition Of Driving Dynamics

Jan 09, 2023over 2 years ago

Acquiring Company

Smith System

Acquired Company

Driving Dynamics

Angel InvestmentVenture CapitalFinance

Description

Smith System Driver Improvement Institute, Inc. (“Smith System”), a portfolio company of Levine Leichtman Capital Partners, LLC (“LLCP”), announced today that it has acquired Driving Dynamics, Inc. (“Driving Dynamics”).

Company Information

Company

Smith System

About

Smith System is a leading provider of workplace safety training solutions for large commercial fleets, helping its customers (i) reduce costs associated with negative operating behaviors, and (ii) comply with stringent regulations. The company delivers its training content through multiple, convenient delivery formats (on-road, classroom, and eLearning) and has trained millions of employees in over 100 countries and in 15+ languages. Smith System was founded in 1952 and is headquartered in Arlington, Texas. About Levine Leichtman Capital Partners Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 39-year track record of successfully investing across various targeted sectors including education, professional services, franchising and engineered products. LLCP utilizes a differentiated Structured Equity investment strategy, combining debt and equity capital investments in portfolio companies. This unique structure provides a less dilutive solution for management teams and entrepreneurs, while delivering growth and income with a significantly lower risk profile. Since inception, LLCP has managed over $13.2 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $8.6 billion of assets and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Frankfurt, Stockholm and The Hague.

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