FASTER Asset Solutions
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FASTER Asset Solutions - overview
Established
1982
Location
Virginia Beach, VA, US
Primary Industry
Software
About
Established in 1982 and based in Virginia, US, CCG Systems, Inc. , doing business as FASTER Asset Solutions, operates as a provider of enterprise fleet management information systems to municipal governments to maintain a broad array of assets such as public safety vehicles, refuse, construction, and white sedans. In December 2019, Transit Technologies, a portfolio company of PSG Equity, acquired FASTER Asset Solutions. The company provides fleet management software that offers lifecycle tracking, preventive maintenance, accounting, parts inventory, and asset meter tracking.
Moreover, the firm includes FASTER Win and FASTER Web solutions, which are accessible on both iOS and Android and include add-on features like VIN decoding, barcoding, asset location import, asset meter readings import, and motorpool management. Additionally, the firm offers services like asset sharing, rental, and reservation services to streamline work orders, labor, parts, and technician workflows.
Current Investors
Transit Technologies LLC
Primary Industry
Software
Sub Industries
Logistics Software
Website
www.fasterasset.com/
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
FASTER Asset Solutions - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | FASTER Asset Solutions | - |
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