Dive Brief:
- Titan Cloud, a fuel asset optimization company, has acquired fuel analytics software and field technologies provider Leighton O'Brien for an undisclosed amount, according to a recent announcement.
- The move adds Leighton O'Brien’s 20,000 sites to Titan’s fuel monitoring network of over 85,000 gas stations worldwide, according to the announcement.
- Titan — which focuses on environmental compliance, site maintenance and fuel management solutions for c-stores — currently works with 7-Eleven, Yesway, Jacksons Food Stores and Circle K, among other c-store chains.
Dive Insight:
Titan’s software helps c-store retailers and fleet operators manage environmental compliance risk, reduce maintenance costs and increase revenue. Titan currently monitors 50% of all U.S. consumer gasoline throughput, according to the announcement.
Meanwhile, Rockledge, Florida-based Leighton O'Brien’s solutions help convenience retailers and commercial fuel users monitor, test, clean and optimize their fuel system assets. Its product portfolio includes real-time wetstock management, alarm management, fuel forecasting, compliance testing and tank cleaning and fuel restoration.
By joining forces, the companies aim to improve their compliance, maintenance and fuel management products, as well as grow their software capabilities and product roadmap, which may include more integrations moving forward.
Chris Cooper, CEO of Leighton O'Brien, will become Titan’s new president of international, where he’ll lead the company’s global expansion across both established and emerging markets.
"Titan Cloud is committed to connecting people, equipment and facilities to maximize operational efficiency and reduce the environmental impact of every fueling facility on the planet,” David Freese, CEO and chief product officer for Titan Cloud, said in the announcement. “With this acquisition, we will accelerate our global growth, extend our product portfolio, and expedite our fuel asset optimization roadmap.”
