Safety Holdings, Inc. dba SambaSafety, has entered into a definitive agreement with ABRY Partners to complete a majority recapitalization of the company, the company said.
ABRY is a private equity firm based in Boston, Massachusetts.
While the terms of the agreement have not been disclosed, the transaction is expected to close within 30 days and will help accelerate the continued development and sales of the SambaSafety driver risk management platform and its organic and acquisitive growth strategy. SambaSafety will continue to be headquartered in Albuquerque, NM.
SambaSafety´s Software as a Service (SaaS) solutions provide driver risk technology and information to employers, insurance, background screeners and fleet management companies. This enables companies with commercial and non-commercial fleets to easily identify and address unsafe driving behavior and take the appropriate actions necessary to maintain the safety of drivers, passengers and the communities in which they live and work. Additionally, SambaSafety solutions provide the insights insurance carriers need to accurately price risk throughout the policy lifecycle.
Since 1998, SambaSafety has been the market leader in cloud-based risk management solutions for employers, insurance, background screeners and fleet management companies.