Tactacam Acquired by Private Equity Firm GTCR
Tactacam, a leading provider of cellular-connected trail and security cameras, has been acquired by private equity firm GTCR. The company will continue to be led by CEO Jeff Peel and co-founder Ben Thorud, who retain significant ownership stakes in the business. Tactacam serves over one million subscribers across the United States with its Reveal and Defend product lines. GTCR plans to support new investments in product development and expanded distribution for Tactacam's offerings. The partnership aims to maintain the company’s leadership position while preserving quality and customer service standards that have driven growth since 2013, when it was founded in Billings, Montana. GTCR has a history of investing in consumer subscription services and video-based monitoring businesses. The transaction terms were not disclosed. J.P. Morgan Securities LLC, Jefferies LLC, Houlihan Lokey Inc., UBS Securities LLC, Latham & Watkins LLP, and Kirkland & Ellis LLP provided advisory and legal support for the deal.
Topics: Consumer Electronics Private Equity Subscription Services Technology