Geoforce, With R&D In Montana, Acquired By LRR Partners
Geoforce, a developer of Internet-of-Things (IoT) equipment used for field asset tracking in the oil and gas market which has its research and development offices in Bozeman, Montana, has been acquired by private equity investor LRR Partners. According to LRR Partners, it has acquired a majority stake in Geoforce, and made a growth capital investment in the business. Financial details of the deal were not announced. Geoforce develops cloud-based software to track assets, using both satellite and cellular-based devices with GPS. The company's headquarters are in Dallas, and it also has a sales and support office in Denver, in addition to the R&D office in Bozeman.
posted on Tuesday, December 17, 2019
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