logo
logo

Smith System Announces Acquisition Of Driving Dynamics

Smith System Announces Acquisition Of Driving Dynamics

01/09/23, 12:05 PM
Industry
angel investment
venture capital
finance
Smith System Driver Improvement Institute, Inc. (“Smith System”), a portfolio company of Levine Leichtman Capital Partners, LLC (“LLCP”), announced today that it has acquired Driving Dynamics, Inc. (“Driving Dynamics”).

Company Info

Company
Smith System
Company info
Smith System is a leading provider of workplace safety training solutions for large commercial fleets, helping its customers (i) reduce costs associated with negative operating behaviors, and (ii) comply with stringent regulations. The company delivers its training content through multiple, convenient delivery formats (on-road, classroom, and eLearning) and has trained millions of employees in over 100 countries and in 15+ languages. Smith System was founded in 1952 and is headquartered in Arlington, Texas. About Levine Leichtman Capital Partners Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 39-year track record of successfully investing across various targeted sectors including education, professional services, franchising and engineered products. LLCP utilizes a differentiated Structured Equity investment strategy, combining debt and equity capital investments in portfolio companies. This unique structure provides a less dilutive solution for management teams and entrepreneurs, while delivering growth and income with a significantly lower risk profile. Since inception, LLCP has managed over $13.2 billion of institutional capital across 15 investment funds and has invested in over 100 portfolio companies. LLCP currently manages $8.6 billion of assets and has offices in Los Angeles, New York, Chicago, Charlotte, Miami, London, Frankfurt, Stockholm and The Hague.