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Benchmark International Successfully Facilitated the Transaction Between LEVL Telematic Limited and Banyan Software, Inc.
October 3, 2023
Benchmark International is pleased to announce the acquisition of Coventry-based LEVL by Canadian-based Banyan.
LEVL, established in 2016 by Jan O’Hara and Andrew Pearce, is a key Geotab reseller in the UK and for electric vehicles (EVs) across Europe. The company provides hardware and software to allow customers to manage fleet, also delivering consultancy on transitioning fleet to sustainable alternative vehicles and alternative fuels.
Banyan is a private equity company that focuses on niche software with high levels of annual recurring revenue. With a permanent capital base set up to preserve the legacy of founders, Banyan has a buy and hold for life strategy for growing software companies.
Jan O’Hara, managing director of LEVL, said: “Joining Banyan Software marks an exciting chapter in LEVL’s journey. We have been dedicated to supporting our team and valued customers, and this partnership with Banyan will work to preserve those relationships while helping us to drive new opportunities. We look forward to collaborating with the Banyan team to ensure a seamless integration into the Banyan family while continuing to grow our independent team and brand.”
David Berkal, CEO of Banyan said: “We’re excited to welcome the LEVL team to Banyan. Jan and Andrew have built an impressive reputation in the rapidly evolving telematics industry with deep expertise around EVs, in particular. We look forward to continuing to build upon their strong customer relationships and this solid foundation.”
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