Stephen06GT
10-16-2014, 03:53 PM
This happened earlier this year.
Bully Dog and SCT Merge, Creating the Leader in Automotive Calibration Solutions
Combination creates leading software company focused on optimizing vehicles’ fuel economy and performance.
SANFORD, FL – March 4, 2014 – SCT Holdings (SCT), the leading software company focused on improving fuel efficiency and increasing performance in vehicles, today announced the acquisition of Bully Dog, an industry leader in offering full-*‐featured automotive calibration solutions to the truck aftermarket. The combined company will offer customers with the most effective software solutions to optimize their vehicles’ performance across an unprecedented number of vehicle types.
“Combining the strengths of these two leading companies will expand our vehicle coverage and accelerate our international growth in both the performance and fleet segments,” said Lisa Schule, Managing Director of GEF, a global investment firm that invested in SCT in 2013. “Bully Dog and SCT’s complimentary software will be a crucial part of new technology advances in vehicles as they become more intelligent, fuel efficient, and powerful.”
“There are many synergies between both companies and our combined performance and fleet customers will see the direct benefits: more products for more vehicles with more features sold in more places in the months to come,” said Rick Trudo, CEO of SCT. “With Bully Dog’s vast vehicle coverage, we can offer our customers calibration solutions for even more vehicle applications.”
According to Bully Dog’s COO, Daryl Klassen, “SCT’s calibrations and custom tuning software are second to none. Merging with SCT will allow us to take advantage of these strengths and take our products to the next level.”
The companies’ software solutions optimize a vehicle’s engine and transmission systems to improve fuel efficiency and vehicle performance. Currently Ford, GM, Chrysler, Nissan, Toyota, Paccar, Mercedes, Caterpillar, Cummins, Detroit Diesel, Polaris vehicles can capitalize on the technology.
Over the coming months there will be a comprehensive integration for employees, customers and suppliers. New features and products will be rolling out through the course of 2014.
Cascadia Capital, a Seattle-*‐based investment bank, acted as the sole financial advisor to Bully Dog in this transaction.
About SCT Holdings Inc.
Founded in 2003, SCT is a leading supplier of engine and transmission calibration products for the performance automotive aftermarket and light-*‐duty fleets. SCT's background in software and automotive calibrations allows them to offer their customers the most powerful and functional tuning products in the industry today for a wide range of Ford, GM, Dodge, Chrysler, and Jeep vehicles. SCT’s products are embraced by automotive enthusiasts seeking to increase a vehicle’s performance and light-*‐ duty fleet operators who enjoy tremendous fuel savings by using SCT’s fleet products. For further information, please visit our websites www.sctflash.com and www.sctfleetsolutions.com
About Bully Dog
Bully Dog Technologies is an industry leader in developing full-*‐featured calibration devices and other aftermarket products for a wide range of light-*‐duty vehicles, heavy-*‐duty trucks and powersports applications. Founded in 1999 and guided by the idea that every vehicle possesses untapped potential, Bully Dog equips truck owners with the tools they need to unlock their rides' potential power and fuel economy gains. Bully Dog is a team built on integrity that is dedicated to leading the vehicle performance industry with an uncompromising code of ethics demonstrated in the quality of its employees, excellent customer service and superior products. Visit us online at www.bullydog.com
About Global Environment Fund
Global Environment Fund (GEF) is a leading alternative asset investment management firm, investing exclusively in private sector businesses serving the growing global demand for clean energy, resource efficiency, environmental services and sustainable resource management. GEF’s dedicated investment programs span three asset classes: Private Equity (growth capital), Real Assets (sustainable timberlands) and Infrastructure (energy generation, environmental control, urban environment and transportation). GEF integrates a collaborative global approach, sector specific expertise, long-*‐term investment horizon and a deep understanding of growth drivers to partner with great management teams to build exceptional businesses worldwide. Established in 1990, GEF manages approximately $1 billion in capital and has more than 30 investment professionals based in Washington, DC, Beijing, Johannesburg, Cape Town, Mumbai and Săo Paulo. For further information and a listing of GEF's public and private portfolio companies, please visit our website, www.globalenvironmentfund.com
Bully Dog and SCT Merge, Creating the Leader in Automotive Calibration Solutions
Combination creates leading software company focused on optimizing vehicles’ fuel economy and performance.
SANFORD, FL – March 4, 2014 – SCT Holdings (SCT), the leading software company focused on improving fuel efficiency and increasing performance in vehicles, today announced the acquisition of Bully Dog, an industry leader in offering full-*‐featured automotive calibration solutions to the truck aftermarket. The combined company will offer customers with the most effective software solutions to optimize their vehicles’ performance across an unprecedented number of vehicle types.
“Combining the strengths of these two leading companies will expand our vehicle coverage and accelerate our international growth in both the performance and fleet segments,” said Lisa Schule, Managing Director of GEF, a global investment firm that invested in SCT in 2013. “Bully Dog and SCT’s complimentary software will be a crucial part of new technology advances in vehicles as they become more intelligent, fuel efficient, and powerful.”
“There are many synergies between both companies and our combined performance and fleet customers will see the direct benefits: more products for more vehicles with more features sold in more places in the months to come,” said Rick Trudo, CEO of SCT. “With Bully Dog’s vast vehicle coverage, we can offer our customers calibration solutions for even more vehicle applications.”
According to Bully Dog’s COO, Daryl Klassen, “SCT’s calibrations and custom tuning software are second to none. Merging with SCT will allow us to take advantage of these strengths and take our products to the next level.”
The companies’ software solutions optimize a vehicle’s engine and transmission systems to improve fuel efficiency and vehicle performance. Currently Ford, GM, Chrysler, Nissan, Toyota, Paccar, Mercedes, Caterpillar, Cummins, Detroit Diesel, Polaris vehicles can capitalize on the technology.
Over the coming months there will be a comprehensive integration for employees, customers and suppliers. New features and products will be rolling out through the course of 2014.
Cascadia Capital, a Seattle-*‐based investment bank, acted as the sole financial advisor to Bully Dog in this transaction.
About SCT Holdings Inc.
Founded in 2003, SCT is a leading supplier of engine and transmission calibration products for the performance automotive aftermarket and light-*‐duty fleets. SCT's background in software and automotive calibrations allows them to offer their customers the most powerful and functional tuning products in the industry today for a wide range of Ford, GM, Dodge, Chrysler, and Jeep vehicles. SCT’s products are embraced by automotive enthusiasts seeking to increase a vehicle’s performance and light-*‐ duty fleet operators who enjoy tremendous fuel savings by using SCT’s fleet products. For further information, please visit our websites www.sctflash.com and www.sctfleetsolutions.com
About Bully Dog
Bully Dog Technologies is an industry leader in developing full-*‐featured calibration devices and other aftermarket products for a wide range of light-*‐duty vehicles, heavy-*‐duty trucks and powersports applications. Founded in 1999 and guided by the idea that every vehicle possesses untapped potential, Bully Dog equips truck owners with the tools they need to unlock their rides' potential power and fuel economy gains. Bully Dog is a team built on integrity that is dedicated to leading the vehicle performance industry with an uncompromising code of ethics demonstrated in the quality of its employees, excellent customer service and superior products. Visit us online at www.bullydog.com
About Global Environment Fund
Global Environment Fund (GEF) is a leading alternative asset investment management firm, investing exclusively in private sector businesses serving the growing global demand for clean energy, resource efficiency, environmental services and sustainable resource management. GEF’s dedicated investment programs span three asset classes: Private Equity (growth capital), Real Assets (sustainable timberlands) and Infrastructure (energy generation, environmental control, urban environment and transportation). GEF integrates a collaborative global approach, sector specific expertise, long-*‐term investment horizon and a deep understanding of growth drivers to partner with great management teams to build exceptional businesses worldwide. Established in 1990, GEF manages approximately $1 billion in capital and has more than 30 investment professionals based in Washington, DC, Beijing, Johannesburg, Cape Town, Mumbai and Săo Paulo. For further information and a listing of GEF's public and private portfolio companies, please visit our website, www.globalenvironmentfund.com