Titan Cloud Acquires Leighton O'Brien to Lead the Global Fuel Software Industry
Software leaders united by shared Fuel Asset Optimization strategy to deliver enhanced customer value and fast ROI
NASHVILLE, Tenn., Sept. 26, 2023 /PRNewswire/ -- Titan Cloud, a leading Fuel Asset Optimization software platform, today 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," said David Freese, CEO and Chief Product Officer of Titan Cloud. "Moreover, customers will benefit from the industry's best and most complete Fuel Asset Optimization platform for operational scale, performance, and ROI."
Together, the two companies will extend their Fuel Asset Optimization strategy to deliver:
Chris Cooper, CEO of Leighton O'rien, 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," said Mr. Cooper. "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 Optimization platform," added Mayur Desai, Managing Director at Charlesbank Capital Partners. "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.
Titan Cloud at 2023 NACS Show
About Titan Cloud
About Leighton O'Brien
About Charlesbank Capital Partners
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SOURCE Titan Cloud Software