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YFM Equity Partners invests in commercial vehicle safety specialist Innovative Safety Systems

YFM Equity Partners (YFM) has completed a significant investment in West Midlands-based Innovative Safety Systems (ISS), a commercial vehicle safety specialist. This represents the final new investment from YFM’s Buyout Fund I, with the second fund having already announced a first close. ISS was founded in 2009 by CEO Gavin Thoday and the business has grown rapidly in recent years through its commitment to product innovation, exceptional customer service and expertise in the waste management sector where it is a market leader. Based in Pershore, West Midlands, ISS currently employs 31 people and is dedicated to creating products that improve safety for vehicle operatives, fleet managers and the wider public. Through the deployment of multiple hardware solutions to commercial vehicles ISS support an improvement in driving standards and enable fleet managers to have increased visibility over their vehicles. Customers are able to have a more robust view of any accident information and leverage the data transmitted from the suite of hardware solutions to more effectively control their fleet and its safety. YFM was supported by: Gateley (legal); Cooper Parry (financial due diligence); Fairgrove Partners (commercial due diligence); Stratton HR (organisational review); Turous (IT due diligence), Claritas (tax advisory) and Grant Thornton (Debt Advisory). The shareholders and Company were advised by Nick Gillott and his team at Grant Thornton, Freeths and Parisi Tax.

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