GI Partners acquires Otodata Holdings

● PLATFORM | ENERGY/UTILITIES · Utility Billing & Customer

SEPTEMBER 1, 2026

GI Partners acquires Otodata Holdings Inc. (Renovo)

TARGET

Remote tank monitoring hardware, software, and mobile apps enabling fuel and LPG distributors to track tank levels, optimize delivery routes, and prevent run-outs across 3.5 million+ tanks globally.

Ownership	PE-backed · Renovo Capital (prior owner); Renovo Capital
Capital raised	$7.5M
Headcount	51-200 FTEs
Headquarters	Montreal, Canada
Leadership	Jeremy Eaton, Chief Executive Officer
Sell-side leads	Matt Farrell, Partner (Renovo Capital)
Sell-side advisor	Evercore

ACQUIRER

GI Partners

Private equity firm investing across healthcare, services, software, real estate, and data infrastructure strategies

Ownership	—
Headquarters	San Francisco, California
Deal team	Jerry Stapp, Managing Director
Buy-side advisor	Baird

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GI Partners -> Otodata Holdings Inc.  (2026-09-18)
buyout | Energy/Utilities | closed
Target: Remote tank monitoring hardware, software, and mobile apps enabling fuel and LPG distributors to track tank levels, optimize delivery routes, and prevent run-outs across 3.5 million+ tanks globally.
Website: otodatatankmonitors.com | Buyer site: gipartners.com
HQ: Montreal, Canada | Ownership: pe-backed | Seller: Renovo Capital
Advisors - Sell-side: Evercore; Buy-side: Baird
Source: Thematic - https://thematichq.com/software/d/gi-partners-otodata-holdings-inc.html

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