Titan Cloud, a leading fuel asset optimisation software platform, announced its acquisition of global fuel analytics software and field technologies provider Leighton O’Brien, in a move that positions Titan Cloud as a global leader in the downstream fuel software market.
The acquisition sees Titan Cloud and Leighton O’Brien combining their expertise in environmental compliance, site maintenance and fuel management solutions. Through the acquisition, Titan Cloud will accelerate its global growth and expand its footprint into six continents and 43 countries, adding 20,000 sites to its fuel monitoring capabilities to deliver faster ROI and streamlined experiences at over 85,000 gasoline stations worldwide.
“Titan Cloud is committed to connecting people, equipment, and facilities to maximize operational efficiency and reduce the environmental impact of every fueling facility on the planet. With this acquisition, we will accelerate our global growth, extend our product portfolio, and expedite our Fuel Asset Optimization roadmap,” says Titan Cloud CEO and Chief Product Officer David Freese. “Moreover, customers will benefit from the industry’s best and most complete fuel asset optimisation platform for operational scale, performance, and ROI.”
Together, the two companies will extend their fuel asset optimisation strategy to deliver:
- Most comprehensive product offering in compliance, maintenance, and fuel management, backed by Titan Cloud’s proven, resilient, and scalable platform, which is trusted by the biggest brands in fuel and convenience.
- Enterprise software to automate, create efficiencies, and take proactive measures across fuel systems.
- Accelerated product roadmap that will integrate, enhance, and drive better products and user experience.
- Greater depth of expertise to better serve the current and future needs of their customers.
Leighton O’Brien CEO Chris Cooper joins Titan Cloud as the new President of International to lead global expansion serving fuel retailers, fleet operators, and service providers across both established and emerging markets.
“We’re excited to unlock the next stage of growth by leveraging our complementary strengths to deliver the best solutions on the market – creating more value for our customers and opportunities for our employees,” Mr Cooper said. “Titan’s deep product portfolio, robust platform, and financial backing, combined with our global footprint, rich wetstock IP, and decades of experience, strengthen our collective position and provide the operating scale needed to serve our growing international customer base.”
“The combination of Titan and Leighton O’Brien marks a strategic milestone in Titan Cloud’s path toward building a world-leading fuel asset optimisation platform,” says Charlesbank Capital Partners Managing Director Mayur Desai. “We are incredibly excited about the potential of this partnership and look forward to supporting Titan in its next phase of growth.”
JMP Securities, A Citizens Company, served as exclusive financial advisor to Leighton O’Brien.
