Powerfleet Closes Strategic Acquisition and Related Financing of Fleet Complete
On October 1, 2024, Powerfleet, Inc. (Nasdaq: AIOT), a leading global provider of AIoT SaaS solutions for the mobile asset industry, completed its acquisition and related financing of Fleet Complete, a key player in connected vehicle technology and fleet management, for a total acquisition value of US$200 million. This acquisition expands Powerfleet’s footprint in both North America and Europe.
Aird & Berlis represented Powerfleet in the transaction with a team led by Jeffrey Merk and including Liam Tracey-Raymont, Karlie Nordstrom and Christian Nianiaris (Capital Markets), Sam Billard and Jenaya McLean (Financial Services), Paige Backman (Privacy), Alex Kagan (Labour & Employment), Ken Clark (Intellectual Property), Faruk Gafic and Jasraj Shergill (Real Estate), Stephen Zolf and Portia Biswas (Competition; Investment Canada Act), and Manjit Singh, Saam Nainifard and Angelo Gentile (Tax).
-
BioFull bio
With extensive experience in a broad range of corporate finance and commercial matters, Jeffrey offers clients a practical and business-minded approac...
-
BioFull bio
Liam is a driven and forward-thinking corporate lawyer, with a passion for helping public and private clients achieve their growth objectives.
-
BioFull bio
Karlie thrives on the challenging and dynamic nature of securities law.
-
BioFull bio
Christian advises clients on a range of capital markets transactions, bringing to bear a strong work ethic and problem-solving skills which make him a...
-
BioFull bio
Drawing on his years of experience and pragmatic nature, Sam addresses clients’ financing and lending issues both in Canada and abroad.
-
BioFull bio
Jenaya is a law clerk in the firm’s Financial Services Group, specializing in financial services and restructuring and insolvency.
-
BioFull bio
Paige has earned a reputation as an exceptional corporate/commercial legal advisor to both domestic and multinational entities.
-
BioFull bio
As a litigator and member of the firm’s Workplace Law Group, Alex assists employers in defending a variety of employment and labour claims.
-
BioFull bio
Ken is driven to help his clients resolve their problems, particularly the ones for which it seems there is no answer.
-
BioFull bio
Faruk has significant experience in advising clients in commercial real estate matters.
-
BioFull bio
Jasraj enjoys the dynamic nature of real estate law. He brings a business-minded approach to real estate transactions.
-
BioFull bio
Stephen guides clients through the rapidly evolving regulatory environment governing the telecommunications and media industry in Canada.
-
BioFull bio
Portia is a strong negotiator and communicator who supports her clients as they seize opportunities or face challenges.
-
BioFull bio
Manjit draws on more than 23 years of experience advising on Canadian and cross-border tax matters to provide comprehensive tax advice to corporate cl...
-
BioFull bio
Saam advises domestic and offshore clients on all aspects of income taxation.
-
BioFull bio
Angelo is a natural problem solver and he applies this skill to resolve tax disputes on behalf of his clients.
