On September 16, 2020, Pamlico Capital ("Pamlico") and the management team of ISAAC Instruments Inc. ("ISAAC" or the "Company") announced that Pamlico had completed a growth investment in the Company. Co-founders Jacques DeLarochellière, David Brillon and Jean-Sébastien Bouchard will maintain significant ownership in ISAAC and will continue to manage the growth of the Company alongside its current management team.
Pamlico, based in Charlotte, North Carolina, is a private equity firm that invests in growing middle-market companies in North America. It seeks control-oriented growth equity investments of up to $125 million alongside founders and proven management teams in its target industries: business & technology services, communications, and healthcare.
ISAAC Instruments is headquartered in Saint-Bruno-de-Montarville, Quebec. The Company's mission is to connect people and information by providing innovative turnkey solutions to drive truck fleet performance. Its automated telemetry solution transforms complex data into meaningful indicators. With the continuous monitoring of both driver and truck performance, transportation companies can make informed decisions. ISAAC's integrated mobile communication technology provides real-time connectivity between drivers and company personnel, to optimize operations and maximize profits.
Gowling WLG was Canadian counsel to Pamlico with respect to this transaction with a team that included Robert Dorion, Tiffany Lee Bianchi and Georgi Paskalev (corporate) and Ash Gupta (tax).
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