Driving Dynamics

Private | Sale | Smith System Driver Improvement Institute

Provider of driver safety training services for commercial fleet clients across the U.S.

Case

Delancey Street Partners is pleased to announce that we served as exclusive financial advisor to Driving Dynamics, Inc. (“Driving Dynamics” or the “Company”) on its sale to Smith System Driver Improvement Institute, Inc. (“Smith System”), a portfolio company of Levine Leichtman Capital Partners. DSP was Driving Dynamics’ financial advisor in its management buyout in 2016, assisted in the acquisition of Center for Transportation Safety, and served on the Company’s Board of Directors through the closing of the transaction.

December 2022
Driving Dynamics, Inc.
Sale to Smith System, a portfolio company of Levine Leichtman Capital Partners
Sector: Business Services
Delancey Street Partners served as the exclusive financial advisor to Driving Dynamics, Inc.

Delancey Street Partners is pleased to announce that we served as exclusive financial advisor to Driving Dynamics, Inc. (“Driving Dynamics” or the “Company”) on its sale to Smith System Driver Improvement Institute, Inc. (“Smith System”), a portfolio company of Levine Leichtman Capital Partners. DSP was Driving Dynamics’ financial advisor in its management buyout in 2016, assisted in the acquisition of Center for Transportation Safety, and served on the Company’s Board of Directors through the closing of the transaction.

About

December 2022
Driving Dynamics, Inc.
Sale to Smith System, a portfolio company of Levine Leichtman Capital Partners
Sector: Business Services
Delancey Street Partners served as the exclusive financial advisor to Driving Dynamics, Inc.

Situation

Driving Dynamics provides driver safety training services for commercial fleet clients across the U.S. Over its 30-year history, Driving Dynamics has developed innovative offerings of virtual and in-person classroom training, behind-the-wheel exercises, eLearning content, and driver risk management programs to improve driver safety and lower fleet crash rates.

Driving Dynamics is based in Newark, Delaware. After the transaction, Driving Dynamics will retain its brand name and operate as a division of Smith System.

Smith System is a leading provider of workplace safety training solutions for large commercial fleets, helping its customers (i) reduce costs associated with negative operating behaviors, and (ii) comply with stringent regulations. The company delivers its training content through multiple, convenient delivery formats (on-road, classroom, and eLearning) and has trained millions of employees in over 100 countries and in 15+ languages. Smith System was founded in 1952 and is headquartered in Arlington, Texas.

Delancey Street Partners is an independent, industry-focused investment bank. We serve CEOs, Entrepreneurs, Shareholders and Boards of Directors of high growth and middle market private and public companies. Our services include strategic advisory, capital raising and independent board advice. We advise on sell-side and buy-side M&A, growth capital financings, and recapitalizations. Our focus sectors include Healthcare, Business & Technology Services, Industrial & Industrial Technology, and Infrastructure. We form long-term partnerships with our clients and commit to managing each engagement with senior professionals who bring years of experience and insight.

For additional information about this transaction, please contact:

William J. Filip

Managing Director Phone: (484) 533 – 6312

William J. Filip

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