BusPatrol LLC
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BusPatrol LLC - overview
Established
2017
Location
Lorton, VA, US
Primary Industry
Electronics
About
BusPatrol LLC, based in the US, specializes in innovative safety technologies for school buses, focusing on enhancing student protection through advanced AI-driven surveillance systems. BusPatrol LLC provides safety technology solutions aimed at modernizing school transportation. Founded in 2017 in Lorton, Virginia, the company has completed 4 deals. The current CEOs are Jean Souliere and Karoon Monfared.
The latest investment was in March 2024, although financial terms were not disclosed. BusPatrol offers a comprehensive suite of AI-powered school bus safety technologies designed to modernize school bus fleets and enhance student safety. Their core offerings include advanced surveillance systems featuring stop-arm cameras, 180° AI cameras, and cloud-connected safety cameras for interior, windshield, rearview, and side-load monitoring. These systems automate the detection of stop-arm violations, capturing video and telemetry data for law enforcement evidence.
The technology is implemented across various school districts and municipalities in North America, including Virginia, Georgia, Maryland, Ontario, and Québec. BusPatrol aims to address the over 45 million illegal stop-arm violations occurring each year, promoting awareness of school bus safety laws. BusPatrol operates on a violator-funded business model, allowing school districts and municipalities to implement safety programs at no upfront cost. Revenue is primarily generated through citations for stop-arm violations captured by their camera systems, processed into evidence packages.
This transactional structure facilitates ongoing partnerships with educational institutions, redirecting funds from fines to support safety initiatives. The company’s services operate on a B2B model, collaborating directly with school districts and municipalities to improve pupil transportation safety without initial capital outlay. In March 2024, Weatherford Capital invested in BusPatrol LLC, with the capital aimed at driving the next stage of the company's growth and reinforcing its position within the electronics sector. BusPatrol plans to expand its product offerings with new technologies focused on enhanced safety features and is targeting broader geographic regions for market expansion.
Specific plans for product launches and market entries will be detailed as they develop.
Current Investors
Oaktree Capital Management, GI Partners, Fit Ventures
Primary Industry
Electronics
Sub Industries
Electronics, Analytics & Performance Software, Application Integration Software, Monitoring & Security Software
Website
www.buspatrol.com/
Verticals
Artificial Intelligence, Cloud Computing, IoT (Internet of Things)
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
BusPatrol LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | BusPatrol LLC | - | ||||||||
| Secondary Buyout | Completed | BusPatrol LLC | - | ||||||||
| Buyout | Completed | BusPatrol LLC | - | ||||||||
| LP Direct | Completed | BusPatrol LLC | - |
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