❯ Transactions

Titan Cloud Software and M33 Growth Unite to Fuel Expansion

Industrials, Transportation & Energy ❯

Titan Cloud Software announced today that they have partnered to accelerate the expansion of Titan’s downstream oil and gas industry solutions for fuel retailers, fleet operators, environmental firms, and PEI (Petroleum Equipment Institute) service providers, distributors, and manufacturers.

Brent Puzak, Director of ESS at Circle K commented on this new partnership: “As a long-time customer with several thousand sites and users on Titan, we’re excited to hear about Titan’s recent partnership with M33 Growth because it means that the already feature-rich Titan platform will continue to expand its functionality to assist Circle K Global Fuels.”

“In the management of thousands of sites across the western U.S., we rely on Titan’s advanced software tools, coupled with our unique 24/7/365 call center expertise, to provide our clients with unsurpassed service, specifically around alarms, remote ATG management, and flow rate reporting,” added Tami Jensen, Vice President and GM, SolvOne. “As a leading service provider in the industry, we’re excited to hear about the M33 partnership and what this means for the continued expansion of our relationship with Titan and ability to create even more value for our clientele.”

M33 Growth’s mission is to partner with bootstrapped, high-growth companies located outside traditional startup hubs who have built industry-leading products. “Titan is an ideal partner,” said Brian Shortsleeve, co-founder and managing director of M33 Growth. “We were drawn to their cutting-edge cloud-based fuel analytics, environmental risk management software and fuel systems monitoring platform, commitment to providing outstanding service to their customers, and impressive customer base that encompasses over 30,000 sites, 10,000 users, and the leading owner/operators in downstream oil and gas. Uniting our resources with theirs, we can help them grow their products offerings, partnerships and customer success teams to strengthen their leadership position.”

“We have changed the way downstream does business,” said David Freese, CEO of Titan Cloud Software. “Our passion for innovation and repeated delivery of strong return on software investment has earned us the trust of a blue-chip customer base of leading enterprise players including 10 of the top 20 convenience store chains and 5 of the top 6 rental fleets, as well as leading PEI service providers and equipment OEMs. At Titan, we don’t take our responsibility to provide continual innovation and value lightly and are always striving to take our products, platform and customer service to the next level. We have joined forces with M33 Growth so we can tap into their financial and strategic resources to expand our growth exponentially.”

Vaquero Capital LLC served as the exclusive financial advisor to Titan. Webster Bank’s Telecommunications and Technology group financed the transaction. Bandon Partners also participated in the transaction.

To see this platform live at the National Association of Convenience Stores (NACS) expo in Las Vegas, October 7–10, 2018, please visit Titan on the show floor in booth #7353.

About M33 Growth

M33 Growth is a venture and growth stage investment firm that partners with founders and CEOs who have successfully bootstrapped their companies to strong growth and are positioned to rapidly scale their companies and break through as market leaders. With deep experience fueling sales and marketing engines, driving acquisitions and building value through data assets, M33 Growth seeks to propel portfolio companies to success in their markets. Founded by veterans of renowned investment firms with considerable operational experience, the Boston-based firm seeks to invest in companies in the software, healthcare and services sectors throughout North America. Learn more at m33growth.com

Titan Cloud Software
Majority Investment
M33 Growth