BlackBern Partners has acquired Cadec Global, a provider of fleet management solutions. Cadec had been owned by Bru Venture Capital.
Based in Manchester, NH, Cadec offers products that improve fleet efficiency and safety through the monitoring of driver behavior and vehicle data as well as providing mobile solutions for delivery tracking and collection data.
“Cadec has built a strong reputation for innovation since its founding in 1976,” said Jon Bernstein, one of the two principals in BlackBern. “The company has all the right ingredients for success: a superior product; a large, loyal customer base; talented employees with extensive industry expertise; and a growing market. We’re investing in growing the business, and excited about moving it forward and delivering on the commitments Cadec has made to its customers.”
Bernstein will take over as CEO & chairman immediately. Cadec’s current management team will remain with the company.
“With BlackBern’s backing, we are strengthening our resources to continue providing robust fleet management solutions that drive measurable ROI for customers,” said Owen Smith, senior vice president at Cadec. “Gary's track record for building customer-centric organizations will drive continued focus on our commitment to industry-leading service."
BlackBern Partners was founded in 2010 by Bernstein and Ian Black.
