Omnitracs, the manufacturer of electronic logging devices (ELDs) and other telematics systems, got a mixed financial review from S&P Global Ratings in an infrequent look at a few of the company’s financials.
Omnitracs is privately held, with Vista Equity Partners as its majority owner. Vista had been reported last year to be looking to sell Omnitracs but no movement has been reported.
In its action, S&P Global Ratings affirmed the company’s “B” rating on its corporate debt. However, it lowered...
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