Select Transactions:
The Canadian BSM Technologies Inc. provider of fleet management and telematics solutions, has acquired US based JMM Management Group LLC.
cfa Chicago, member of ICFG, advised the seller in 2014.
The Canadian BSM Technologies Inc. provider of fleet management and telematics solutions, has acquired US based JMM Management Group LLC.
Target Company Name JMM Management Group LLC
Deal Types
  • Mergers & Acquisitions
Target Country United States
Buyer Name / MBO Team / MBI Team BSM Technologies Inc.
Buyer Country Canada
Transaction Description

May 15, 2014

The ICFG member Corporate Finance Associates, Inc., is pleased to announce that it was the exclusive advisor to JMM Global on its sale to BSM Technologies Inc.

BSM Technologies Inc. ("BSM") (TSX-V: GPS), a leading provider of remote monitoring, fleet management, fleet diagnostics and automated vehicle security systems, through BSM AcquirorCo, LLC, an indirect wholly-owned subsidiary, has acquired 100% of the membership interests of privately held JMM Management Group LLC d/b/a JMM Global ("JMM"), an Illinois limited liability company ("JMM”).

Mr. Aly Rahemtulla, BSM President & CEO, commented on the JMM acquisition: "While fixed asset monitoring is a small portion of our business today, we recognize the significant synergies that exist between both stationary and mobile assets for the enterprise customer. We believe the fixed asset market remains underpenetrated and presents a significant growth opportunity for BSM. JMM brings a complementary compliance focus, a high-quality customer base and skilled team - a great platform from which to grow our tank monitoring business and become a bigger player in the fixed asset segment of the market."

“CFA worked with us to craft the best strategy for JMM and then followed through on the execution of the plan,” said Jon Marinas, President of JMM Global. “We were impressed with the level of service provided along the way and truly believe they found a perfect fit with BSM”.

“It is exciting to be involved with a company like JMM, and we are extremely pleased with the outcome of our process,” stated Joe Contaldo, Managing Director of CFA. “The JMM and BSM deal teams were well-oiled and absolute professionals.”

About JMM Global

JMM is a leading provider of storage tank management and regulatory compliance solutions. JMM's key offering is a software solution that assists clients in monitoring their storage tanks while managing compliance requirements associated with these assets. Founded in 2002, JMM has a high-quality customer list, including The Hertz Corporation and Waste Management National Services, Inc.

About BSM Technologies

BSM Technologies Inc., through its subsidiaries, is a leading provider of remote monitoring, fleet tracking and fleet maintenance, and a business intelligence engine providing real time web-based tracking of mobile and fixed assets. BSM provides solutions for commercial, government, and law enforcement organizations who manage and operate diverse assets and large fleets, and who seek to enhance customer service, improve the safety of their drivers and vehicles, and lower business costs.

About Corporate Finance Associates

Founded in 1956, Corporate Finance Associates is one of the largest and most experienced middle-market M&A advisory and investment banking firms in the nation. CFA has offices across the United States, Canada, Mexico, India, and partner offices in Brazil, China, and throughout Europe.

Media Contact:
Corporate Finance Associates
Kim Levin
949.305.6710

Industry Sectors
  • Business Services
  • IT and Telecommunications
ICFG Office Chicago, United States
ICFG Advisory cfa Chicago, member of ICFG, advised the seller in 2014.

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