H2 Equity Partners has sold its stake in RAM Tracking, a Leeds-based fleet and workforce management provider, to enterprise software firm Kerridge Commercial Systems (KCS). The deal marks H2’s exit from RAM after acquiring a majority stake in 2020.
KCS, backed by CapVest Partners LLP, provides enterprise resource planning (ERP) and business management software to wholesale, distribution, and equipment rental sectors. With headquarters in the UK and 23 offices globally, the company serves customers in 74 countries.
Under H2’s ownership, RAM expanded its tracking and camera technology with new software-as-a-service (SaaS) solutions to improve fleet and workforce management. Investments in sales, marketing, R&D, and two strategic acquisitions further accelerated growth.
Arma Partners, Squire Patton Boggs, Liberty Corporate Finance, PwC, Strategy&, and Grant Thornton supported the transaction.
