ALBUQUERQUE, N.M. — SambaSafety Inc., an Albuquerque-based driver-monitoring service for fleet managers, has closed on a new venture investment that gives Boston-based ABRY Partners majority ownership in the company.
The deal provides substantial growth capital for Samba to expand its operations in the U.S. and Canada, said company CEO Richard Crawford.
The amount invested remains confidential, but ABRY is one of the nation’s premier venture firms, with interests in more than 450 properties since 1989. ABRY currently manages over $4.3 billion in its active funds. It generally invests between $25 million and $150 million in portfolio companies.
“We reached a definitive agreement with ABRY Partners as the lead investor in the recapitalization of the company,” Crawford told the