Transit Technologies LLC
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Transit Technologies LLC - overview
Established
2019
Location
Knoxville, TN, US
Primary Industry
Software
About
Based in Tennessee, US, and founded in 2019, Transit Technologies LLC operates as a provider of an integrated mobility platform that offers transit solutions to public transit agencies, private enterprises, and healthcare providers. In March 2024, Transit Technologies LLC, a portfolio company of PSG Equity, acquired TripShot, Inc. As of 2024, the company is led by its CEO, Gerry Leonard. The company provides a mobility platform that offers integrated transit solutions to the public, private, and healthcare sectors.
The platform services include fixed route transit, paratransit and ADA, non-emergency medical transportation (NEMT), microtransit, trip planning, and commuting solutions. Moreover, the firm offers solutions such as transit payments, eligibility and billing reconciliation, vehicle maintenance, electric and autonomous vehicle management, reporting and analytics, and telematics. Additionally, the firm also provides services such as fleet management, real-time passenger information, automated scheduling, and trip management.
Current Investors
PSG Equity
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Logistics Software
Website
www.transit-technologies.com/
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Transit Technologies 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Vehicle Installs, LLC. | - | ||||||||
| Secondary Buyout | Completed | Transit Technologies LLC | - | ||||||||
| Add-on | Completed | ByteCurve, LLC | - | ||||||||
| Add-on | Completed | TripShot, Inc. | - | ||||||||
| Add-on | Completed | FASTER Asset Solutions | - |
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