MONTREAL, Sept. 1, 2026 /PRNewswire/ — Otodata Holdings Inc. (“Otodata” or the “Company”), a market leader in remote monitoring and vehicle tracking solutions, announced today that GI Partners, a leading private investment firm, has closed on a majority investment in the Company. Existing shareholders, including Renovo Capital (“Renovo”) and management, will retain a minority stake in the Company.

Founded in 2010 and based in Montreal, Canada, Otodata provides full-stack remote monitoring solutions for distributed tank assets, with an installed base of more than 3.5 million monitored tanks globally. Its solutions enable Otodata’s customers to monitor tank levels remotely, delivering real-time, insightful data to optimize asset utilization and workforce efficiency while helping to prevent costly runouts. The Company’s products enable large-scale implementation of remote monitoring, delivering a compelling return on investment for its customers worldwide. Otodata also operates Tag Tracking, the leading provider of vehicle tracking, theft prevention, and stolen vehicle recovery solutions through its proprietary communications network in Canada.

“We’re excited to welcome GI Partners as our new majority partner,” said Jeremy Eaton, CEO of Otodata. “GI Partners’ deep experience investing in Internet of Things (“IoT”) businesses, paired with its operational and digital infrastructure expertise, will help us strengthen our current offerings, better serve current and new customers, and accelerate our expansion into new verticals.”

Jerry Stapp, Managing Director at GI Partners, said, “Otodata is a best-in-class business that we have admired for a number of years, operating in a mission-critical category. We see strong tailwinds in IoT from artificial intelligence, automation, and digitization, and Otodata is well positioned to capture them. The Company’s track record speaks for itself, and we’re excited to partner with Otodata and Renovo to accelerate that momentum through continued investment in the team and product roadmap.”

Matt Farrell, Partner at Renovo, commented, “Working alongside the Otodata management team since our initial investment in 2020 has produced incredible results. From building out manufacturing capabilities to expanding both geographically and into other verticals, the team has executed flawlessly. We are excited to be part of the next chapter with GI Partners and are looking forward to what the combined team can accomplish.”

Evercore served as financial advisor and DLA Piper served as legal advisor to the Company.

Robert W. Baird & Co. served as financial advisor and Ropes & Gray LLP served as legal advisor to GI Partners.

Financial terms of the transaction were not disclosed.

About Otodata
Founded in 2010 and headquartered in Montreal, Canada, Otodata provides industry-leading remote monitoring hardware, software, and applications for various industries. Its solutions enable distributors to monitor their tanks remotely, delivering real-time, insightful data to optimize asset utilization and workforce efficiency. The company has an installed base of more than 3.5 million monitored tanks across North America, Europe, Latin America, and the Middle East. Otodata also operates Tag Tracking, a leading provider of vehicle tracking, theft prevention, and stolen vehicle recovery solutions in Canada. For more information, visit www.otodata.com.

About GI Partners
Founded in 2001, GI Partners is a private investment firm with over 150 employees and offices in San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. The firm has raised more than $50 billion and invests on behalf of leading institutional investors around the world through its private equity, real estate, and data infrastructure strategies. The private equity team invests primarily in companies in the healthcare, services, and software sectors. The real estate team focuses primarily on technology and healthcare properties as well as other specialized types of real estate. The data infrastructure team invests primarily in hard-asset infrastructure businesses underpinning the digital economy. For more information, please visit www.gipartners.com.

About Renovo Capital
Renovo Capital is a Dallas, TX-based lower middle market private equity firm comprised of seasoned operating and investing professionals. Renovo makes control investments in technical product and service businesses that have the potential to generate meaningful value through operational improvements and strategic initiatives. Since its founding in 2009, Renovo has completed over 43 transactions and raised over $750 million of committed capital. Renovo is currently investing out of Renovo Capital Fund IV, LP, a $350 million committed capital fund raised in 2024. For more information, please visit https://www.renovocapital.com.

Media Contacts

GI Partners
Chris Tofalli, Public Relations
chris@tofallipr.com

Emily Kuan, Investor Relations
pr@gipartners.com

Renovo Capital
Matt Farrell, Partner
matt.farrell@renovocap.com

Otodata
Gregory Bronner, Marketing Director
gbronner@otodata.com

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SOURCE GI Partners