Cardata
The Deal
- Bought By
- Sheret Ross and Michael Levine
- Year
- 2021
- Vehicle
- Spruce Grove Capital
Software and services for companies that reimburse employees who drive their own cars for work, out of Toronto. Bought from an owner looking to retire, with both searchers taking day-to-day operating roles.
What Happened Next
Recapitalized in 2023, with the searchers staying on as minority owners, and a chief executive from outside the search took the seat in 2024.
The exit ends of journeys like this one, where the buyer has announced the purchase itself, are on Buyers.
Method & Source
This record is double-sourced: it joined when the purchase and, where the company has traded on, the exit could both be read in primary accounts rather than inferred.