Titan Cloud Software is the nation’s leading software platform providing environmental and operational solutions for convenience stores (“c-stores”), fuel carriers and service providers. Founded in 2012, Titan provides industry-leading solutions for environmental compliance, fuel analytics and facility management, so that clients can prevent or minimize the environmental and financial impact of fuel leaks, automate compliance and regulatory workflows, obtain real-time fuel-level visibility, and seamlessly manage maintenance processes. Titan’s software and solutions are trusted by over 700 global customers across more than 60,000 facilities, including some of the largest c-store chains and commercial fleets in the world. The Company employs 74 people across three offices in North America and Australia.
Charlesbank’s Technology Opportunities Fund (“TOF”) invested in Titan in September 2022, taking a majority interest in the Company. We were uniquely positioned to acquire Titan given our ongoing focus on industrial technology as a key thematic sourcing initiative. TOF’s investments in Aptean and PakEnergy (fka, Wolfepak) are both business automation platforms serving industrial end-markets, and our executive network brings highly relevant resources to Titan. Charlesbank team members have also had a longstanding relationship with senior professionals at existing investor M33 Growth, who rolled over a substantial portion of their equity in the transaction. We are excited to invest in a growing, market-leading platform with exceptional customer relationships, a proven management team, and multiple growth and value creation levers in the US and around the world.