Inflexion Private Equity is pleased to announce that portfolio company Radius Payment Solutions (“Radius”) has completed five acquisitions in the past month. The acquisitions form part of Radius’ strategy to drive growth by expanding into a range of adjacent sectors and geographies, both organically and through M&A.
In November, Radius acquired Sure-Track, a Midlands-based telematics company that offers a range of tracking and vehicle camera solutions to the vehicle and plant markets; The Burley Group, a Sheffield based insurance broker specialising in the fleet and plant sectors; Pure Telecom, an independent telecoms specialist based in Dublin; CyntrX, a telematics business based in the United States and Trinity Maxwell, a B2B telecoms provider based in London.
Radius is a global solutions provider to the fleet and logistics market. Inflexion Partnership Capital made a minority investment in Radius in January 2018. Previous acquisitions completed by Radius include Adam Phones, which expanded the Group’s operations into the telecoms sector in October 2018.
The acquisitions of Pure Telecom and Trinity Maxwell further expands Radius’ presence in the telecommunications sector, while the addition of Sure-Track enhances the company’s telematics offering. Similarly, the acquisition of The Burley Group strengthens the Group’s insurance division, while CyntrX will play an important role in Radius’ expansion of fleet management in the United States.