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Private Equity Firm to Buy Lytx for $500M

Private Equity Firm to Buy Lytx for $500M

Video telematics provider Lytx is set to be acquired by Chicago-based private equity firm GTCR in an all-cash $500 million deal expected to be finalized within the first quarter this year.

Lytx, which offers its DriveCam video recording and other subscription-based services to over 1,400 fleet clients, said it will remain headquartered in San Diego with its current management team unchanged by the deal.

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