Cartasite growth investment by Bison Capital
First Analysis acted as the exclusive placement agent in a growth capital raise, closed in February 2016, for Cartasite LLC, a leading provider of Industrial Internet of Things (“IoT”) solutions for asset and resource-intensive industries. First Analysis provided advisory expertise to Cartasite throughout the transaction, including preparation, positioning, investor coordination and contact, due diligence and negotiation. The investment will be used to fuel the growth of Cartasite and comes as oil and other commodity prices have placed increasing pressure on producers and servicers to drive efficiency from their employees.
About Cartasite:
Headquartered in Denver, CO, Cartasite was formed in 2004 with the goal of delivering practical technology solutions that enhance safety, security, and operating efficiency for energy, mining and other heavy equipment sectors worldwide. With deployments in 31 countries, customers rely on Cartasite’s real-time monitoring systems to produce results that streamline operations, save lives, and protect the environment. Cartasite was acquired by Geoforce in 2019.
About Bison Capital:
Bison Capital invests in leading middle-market businesses that have significant opportunities for value creation and strong, entrepreneurial management teams that are able to capitalize on their long term potential.