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April 04, 2021 | Tom Ballard

Acquirer of GRIDSMART Technologies is being taken private by two PE firms

At the beginning of 2019, Cubic Corporation acquired Knoxville-based GRIDSMART Technologies Inc., a 12-year old company co-founded by Vig Sherrill and Bill Malkes that operated in the intelligent transportation sector. Today, the former GRIDSMART team is part of Cubic’s Transportation Systems group.

Now, exactly 27 months after the acquisition was announced (see article here), Cubic is being taken private by Veritas Capital and Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P. Click here to read the Cubic news release.

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