Atlanta, GA — Configure Partners, an investment banking firm specializing in debt placement services, announced today that it served as the exclusive financial advisor to Inverness Graham in securing committed debt capital to support the refinancing of its portfolio company GPS Trackit.

Inverness Graham is a Philadelphia-based buyout firm that acquires innovative companies where technology transforms traditional industry.

Headquartered in Georgia, GPS Trackit is a leading provider of SaaS-based asset tracking and fleet management solutions across North America. GPS Trackit’s solutions deliver cost reductions, increased fleet efficiency, and equipment and asset protection across numerous end markets.

Configure supported all aspects of the financing process, including lender screening, approach to market, transaction structuring, and negotiation of the financing-related documentation.

“The Configure team delivered a great financing solution with ideal lending partners, and the new capital structure will provide flexibility to GPS Trackit as we look to accelerate growth,” said Inverness Graham Principal Chris Frystock. “Configure’s active involvement throughout the process and solid positioning of the company’s value proposition was instrumental in driving a successful result for GPS Trackit.”

“We are thrilled to have partnered with the Inverness Graham and GPS Trackit teams on a successful refinancing and new capital structure,” commented Configure Managing Director Jerry McDonald. “We have no doubt this transaction, coupled with a supportive sponsor and experienced management team, will help bolster and position GPS Trackit for the future.”

About GPS Trackit (www.gpstrackit.com)
Founded in 2002, GPS Trackit quickly established itself as a leading Internet of Things (“IoT”) provider within the fleet management industry by providing an integrated, all-encompassing fleet management, video telematics, and asset tracking product and service offering. As fleet owners, operators, and managers look to realize significant cost savings within their respective fleets, GPS Trackit provides numerous solutions that provide reductions in fuel costs, diminished driver incidents, maintenance and preventative repair notification, and continuous asset and vehicle security, leading to a naturally realized return on investment. With fleet operations continuously adding technology-enabled solutions to their asset/vehicle portfolios, GPS Trackit has positioned itself as a leading provider of value-added products and services to deliver owners, operators, and managers real results within their fleets.

About Inverness Graham (www.invernessgraham.com)
Inverness Graham is a Philadelphia-based buyout firm that acquires innovative companies where technology transforms traditional industry. The firm’s Flagship strategy focuses on high-growth businesses leveraging technology in healthcare, software, and advanced manufacturing. The firm’s Green Light strategy targets technology-enabled businesses where environmental sustainability is a key driver of accelerating growth. Inverness Graham executes a differentiated, repeatable model for value creation through its proprietary Strategic Platform Build approach. Founded by senior executives of the Graham Group, the firm builds upon a 60-year legacy of operational excellence, bringing substantial value-creation resources and an innovative mindset to support its portfolio company partners.

About Configure Partners (www.configurepartners.com)
Configure Partners is a preeminent credit-oriented investment bank headquartered in Atlanta. The firm specializes in debt placement, credit resolution, and special situations advisory, providing superior client service and execution to private equity sponsors in acquisition finance, refinancing, and dividend recapitalization transactions. The firm’s credit resolution and special situations practice is the trusted advisor for stakeholders confronting capital structure challenges. Our people-smart team of bankers differentiates through real-time knowledge of the debt capital markets and becomes a true extension of our client’s teams, delivering unmatched results and an exceptional client experience.