Fleet Complete completes new investment partnership with Ontario Teachers'

Torys acted as counsel to Ontario Teachers' Pension Plan with a team that included Laurie Duke, Jay Romagnoli, Kevin Wall, Stephen Neil and Jacob Posen (corporate/M&A), Omar Wakil and Christopher Caparelli (regulatory), Ed Fan (IP),Tom Stevenson (employment) and Andrew Silverman (tax).

On November 26, 2018, Fleet Complete® announced that it entered into a new investment partnership with Ontario Teachers' Pension Plan (Ontario Teachers'). Pursuant to the agreement, Ontario Teachers' would acquire equity from existing investors, including funds managed by Madison Dearborn Partners.

Finalization of the partnership agreement was announced on March 1, 2019.

Financial terms of the transaction were not disclosed.

Further information can be found on Ontario Teachers' website.

Fleet Complete® is a leading global provider of connected vehicle technology, delivering mission-critical fleet, asset and mobile workforce management solutions.

Ontario Teachers' is Canada's largest single-profession pension plan, with C$193.9 billion in net assets at June 30, 2018.