Geoforce Expands into Canada with Acquisition of Trakopolis

DALLAS and CALGARY, Alberta (PRWEB) January 21, 2020

Geoforce, a leading provider of global traceability and Track and Trace solutions for field equipment and vehicles, announced today its Canadian subsidiary has acquired substantially all of the assets of Trakopolis SaaS Corp., a subsidiary of Trakopolis IoT Corp. (TSXV: TRAK).

Trakopolis provides enhanced global traceability solutions and advanced analytics that provide insight into core business operations such as fleet management, equipment utilization, maintenance reporting, and worker safety. Geoforce will integrate these capabilities with its world-leading global traceability solutions to serve over 1,300 customers in industries with intensive field operations and remote equipment including oil & gas, agriculture, construction, and transportation.

"We are thrilled to welcome the Trakopolis team and over 400 customers to the Geoforce family," said James MacLean III, CEO of Geoforce. "Trakopolis' customers and solutions are highly complementary and we look forward to continuing to innovate our combined product offering. We're also excited to build upon Trakopolis' leading position in Canada to further expand our global presence."

“The combination of our technology platforms, customers, and teams will help accelerate cutting edge product development and build tremendous scale,” said Richard Clarke, CEO of Trakopolis, who will become General Manager, Geoforce Canada. “With its reputation for high-touch customer engagement, Geoforce will help drive continued success and ROI for Trakopolis’ customers.”

“This acquisition continues our 13-year history of growth and evolution,” said Vincent Hsieh, CFO of Geoforce. “By combining we can better serve customers with expanded presence and operational efficiencies. Most importantly, our core values are completely aligned. We are excited to join forces and accelerate Geoforce’s mission of building the world’s largest network of connected field equipment.”

About Trakopolis

Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles, and workers. The company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from many verticals including oil & gas, forestry, transportation, construction, rentals, urban services, mining, and others.

About Geoforce

Combining a cloud-based software platform with ruggedized GPS tracking devices and global satellite and cellular networks, Geoforce’s Track and Trace solutions bring control to often chaotic field operations. With over 1,300 customers tracking more than 160,000 assets in over 90 countries, the company operates the world’s largest network of connected field equipment within the oil & gas industry, and its solutions are used in many other field operations intensive industries, including agriculture, construction, mining, transportation, logistics, and rail. Headquartered in Dallas, Texas, Geoforce has R&D offices in Bozeman, Montana, sales and support offices in Houston, Texas, Denver, Colorado, Arroyo Grande, California, Macae, Brazil, Melbourne, Australia, and Calgary, Canada, and sales and service professionals in West Texas and South Louisiana. For more information, visit http://www.geoforce.com.

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Kinetics Noise Control Is Acquired by The Stephens Group

DUBLIN, Ohio (PRWEB) January 21, 2020

Kinetics Noise Control, Inc. (“Kinetics” or the “Company”) announced today that it was acquired by The Stephens Group, LLC (“The Stephens Group”). In conjunction with the transaction, The Stephens Group formed a new company, Catalyst Acoustics Group (“Catalyst Acoustics”), which will serve as a platform for an elite group of acoustic, seismic, vibration and noise control companies that together offer the broadest portfolio of noise control solutions in the market. Catalyst Acoustics will house The Stephens Group’s growing family of noise control solutions providers, which in addition to Kinetics includes IAC Acoustics, Sound Seal, Noise Barriers and Lamvin. Terms of the transaction were not disclosed.

Based in Dublin, Ohio and founded in 1958, Kinetics is a designer and manufacturer of the industry’s largest selection of innovative products and solutions that control airborne noise, isolate structure-borne vibration, enhance room acoustics, create quiet spaces and restrain non-structural building systems. The Company’s highly engineered products include floor, ceiling and wall isolators, noise curtains and barriers, duct silencers, acoustical louvers, sound absorptive panels, baffles, enclosures, and specialized floor underlayment. At its core, Kinetics’ products control noise, limit vibration, improve sound, and protect buildings from seismic events. Kinetics operates manufacturing facilities in Ohio and California, and has sales and engineering resources in the U.S., Canada, Hong Kong and China. Kinetics’ premier independent sales rep network works with acoustical consultants, architects, designers, industrial contractors, and building owners to address a variety of noise and vibration control applications across a wide range of end markets.

Kirk Hendricks, President and CEO of Kinetics said, “We are looking forward to our partnership with The Stephens Group. This transaction is exciting for us and our employees and partners. The forming of Catalyst Acoustics Group is revolutionary for this industry, and we are excited to be able to play a leading role in its founding. The combined resources of this group of companies is well beyond what any of us could enjoy on our own, and we are eager to leverage these additional resources to accelerate product and service development, and enhance the support to our channel partners, sales representatives and customers. Working with The Stephens Group to help form Catalyst Acoustics will help us achieve our strategic vision.”

“We are thrilled to add Kinetics to our family of companies,” said Clay Hunter, Managing Director at The Stephens Group. “Kinetics is a clear leader in this industry, has a great team, outstanding products and an excellent sales rep network. We are particularly pleased that Kirk will continue in his role as President and CEO of Kinetics, and that the entire Kinetics team is onboard and will remain in their respective roles.” Hunter further noted, “We’re also excited to announce the formation of Catalyst Acoustics, which will serve as our platform for this industry, and in addition to Kinetics, will include our existing noise control solutions businesses. The long-term forces driving adoption of noise control solutions are accelerating in almost every industry, and Catalyst Acoustics Group and its family of businesses will be the premier provider for those applications that require the highest quality, finest looking and best engineered solutions.”

ABOUT KINETICS NOISE CONTROL Established in 1958 as industrial consultants focused on controlling sound and vibration, Kinetics now produces the industry’s largest selection of products and solutions that control airborne noise, isolate structure-borne vibration, enhance room acoustics, create quiet spaces, and restrain non-structural building systems. For more information, visit http://www.stephensgroup.com

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NFP Acquires Koty-Leavitt Insurance Agency, Inc., Expanding its Specialty P&C Offerings

NEW YORK (PRWEB) January 21, 2020

NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, today announced the acquisition of Koty-Leavitt Insurance Agency, Inc. (Koty-Leavitt). The transaction closed effective November 1, 2019.

Koty-Leavitt, a Tucson-based P&C broker with roots dating back to 1940, brings resources and experience that will further scale NFP’s presence in the West region. In addition to providing a variety of P&C solutions to commercial clients across southeastern Arizona, Koty-Leavitt specializes in offering tailored insurance solutions to medical device distributors. Lloyd Koty, a former co-owner of the firm, will join NFP as senior vice president, reporting to Ed Kurowski, NFP West region managing director.

“We are thrilled to welcome the Koty-Leavitt team to NFP. This step expands our presence in a key region and our portfolio of specialty capabilities, specifically in the medical device distribution space,” said Kurowski. “As an accomplished insurance professional with over three decades of experience, unique expertise, and unmistakable enthusiasm for his field, Lloyd will be a terrific addition to the team.”

“NFP was an attractive option for us because their outstanding client service and ‘PeopleFirst’ culture align perfectly with our objectives,” said Koty. “In addition, joining NFP gives us the opportunity to expand the reach of our distinct services.”

About NFP

NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,600 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

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