Ropes & Gray Represents Technology Company Lytx in Sale to GTCR
Ropes & Gray represented Lytx, Inc., in its acquisition by Chicago-based private equity firm GTCR. Headquartered in San Diego, Calif., Lytx (formerly known as DriveCam) is the leading provider of video telematics that help commercial and public sector fleets improve driver behavior and reduce collisions and collision-related expenses. Lytx serves more than 1,400 commercial and government fleet customers worldwide, including some of the largest commercial fleets in the world. The company enables its clients to realize significant return on investment by lowering operating and insurance costs, while achieving greater efficiency, safety and compliance.
The Ropes & Gray team included private equity partner Christopher Rile, executive compensation & employee benefits partner Alexandra Alperovich, and private equity associate Laura Steinke.