GI Partners Acquires Majority Interest in Otodata, Partners With Renovo Capital

Montreal, Canada (Sept. 1, 2026) — Otodata Holdings Inc., a provider of remote monitoring and vehicle tracking solutions, announced that GI Partners acquired a majority interest in Otodata. Existing shareholders, including Renovo Capital and management, will retain a minority stake in the company.

Founded in 2010 and based in Montreal, Canada, Otodata provides full-stack remote monitoring solutions for distributed tank assets, with an installed base of more than 3.5 million monitored tanks globally. Its solutions enable Otodata’s customers to monitor tank levels remotely, delivering real-time, insightful data to optimize asset utilization and workforce efficiency while helping to prevent costly runouts. Otodata’s products enable large-scale implementation of remote monitoring, delivering a compelling return on investment for its customers worldwide. Otodata also operates Tag Tracking, a provider of vehicle tracking, theft prevention and stolen vehicle recovery solutions through its proprietary communications network in Canada.

“We’re excited to welcome GI Partners as our new majority partner,” said Jeremy Eaton, CEO of Otodata. “GI Partners’ deep experience investing in Internet of Things (“IoT”) businesses, paired with its operational and digital infrastructure expertise, will help us strengthen our current offerings, better serve current and new customers and accelerate our expansion into new verticals.”

Jerry Stapp, managing director at GI Partners, said, “Otodata is a best-in-class business that we have admired for a number of years, operating in a mission-critical category. We see strong tailwinds in IoT from artificial intelligence, automation and digitization, and Otodata is well positioned to capture them. The Company’s track record speaks for itself, and we’re excited to partner with Otodata and Renovo to accelerate that momentum through continued investment in the team and product roadmap.”

Matt Farrell, partner at Renovo, commented, “Working alongside the Otodata management team since our initial investment in 2020 has produced incredible results. From building out manufacturing capabilities to expanding both geographically and into other verticals, the team has executed flawlessly. We are excited to be part of the next chapter with GI Partners and are looking forward to what the combined team can accomplish.”

Evercore served as financial advisor and DLA Piper served as legal advisor to Otodata. Robert W. Baird & Co. served as financial advisor and Ropes & Gray LLP served as legal advisor to GI Partners. Financial terms of the transaction were not disclosed.