Date
Jan 2013
Region
Canada
Generational Capital Markets, Inc., member FINRA/SIPC, ("GCM") an advisor to privately-held businesses for mergers & acquisitions, is pleased to announce the acquisition of the assets of its client Mentor Engineering, Inc. ("Mentor") by Trapeze Group ("Trapeze"), a subsidiary of Volaris Group ("Volaris").
Mentor Engineering, based in Calgary, Alberta has 25 years of experience specializing in fleet management equipment and mobile workforce management solutions for fleet-based industries. Mentor develops industry leading fleet management software for hours of service monitoring, driver behavior monitoring, taxi cab management, passenger information systems and much more. These solutions complement Trapeze's existing enterprise solutions portfolio for passenger transport providing tight integration with in-vehicle hardware and back-office systems.
"The passenger transport landscape has evolved considerably over the past few years," commented Gordon Howell, President, Mentor Engineering. "More and more transport organizations are moving away from standalone solutions towards integrated solutions that tightly link what's happening in the vehicle with what's happening on the street and in the back office and operations. Becoming a part of Trapeze enables us to more fully provide that integrated solution to the benefit of our business, our customers and the industry." "We are very excited about this acquisition and the solutions we can now offer our customers. It is definitely a win-win for us and for our customers," stated John Hines, President of Trapeze Group in North America.
Managing Director, John Poythress, and Vice President, Don Ho, led the GCM deal team that advised Mentor on the transaction. John Poythress, stated, "The acquisition with Volaris was an excellent and synergistic choice for Mentor Engineering because both of the acquirer's subsidiaries, Trapeze and AssetWorks, offered products and services in differing segments within their respective markets. Mentor is now part of a much larger organization with enhanced market reach."
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