Renovo Capital, LLC (“Renovo”) is pleased to announce the acquisition of ADVEEZ. This is Renovo’s fifth platform acquisition in the IoT sector and twelfth IoT transaction overall, reinforcing our commitment to growth and the development of strong partnerships in this space. The Renovo Team’s industry knowledge and continued value creation in the IoT sector positions us as trusted partners, delivering innovative and effective solutions. Renovo is excited to partner with this founder-led team to accelerate growth organically and through M&A.

ADVEEZ designs and builds specialized hardware and software to provide telematics for aviation ground support equipment. Like other Renovo investments, ADVEEZ is focused on building a best-in-class, end-to-end solution in a specific end market vertical. With Renovo’s investment, ADVEEZ plans to invest in more R&D, customer care, and post-sales support to continue bringing innovative solutions to the aviation industry.