HAPPY NEW YEAR FROM TELEO CAPITAL!
2024 was a year of reflection and exciting progress. Since inception, we have closed 19 transactions and now manage over $500M in assets. Our portfolio companies continued to perform strongly, independent of macro headwinds, especially in the cyber security, aviation software and healthcare sectors. This performance validates our investment approach and reinforces our belief in the long-term potential of our portfolio. In 2025, we'll continue to pursue corporate carve-outs, special situations, and buy & build strategies, building on the momentum of this past year.
We are thankful to everyone who has contributed to our growth. We look forward to a great 2025.
Happy New Year,
TELEO Capital
Highlighted Transaction
TELEO Capital Acquires SafetyDirect from Bendix CVS
SafetyDirect is a video-based driver safety platform featuring a web portal where fleets can access their driver performance information and event-based data – video, vehicle, and sensor information from a vehicle’s J1939 network. The data provides fleet operators with key insights into common driving behaviors and trends to help bolster their overall safety program.
TELEO Team Addition

Estelle Spanneut
Estelle is a Senior Associate at TELEO Capital. Estelle’s primary responsibilities include deal qualification, due diligence, transaction support and execution, and portfolio monitoring. Prior to joining TELEO Capital, Estelle was an Associate at Volition Capital, a Boston-based growth equity firm, where she was focused on sourcing and execution for B2B software businesses.
Estelle graduated with a B.S. in Operations and Information Management from Georgetown University's McDonough School of Business.
Portfolio Company Highlights

Portfolio company Industrial Defender
was awarded Department of Defense Contract to support Operational and Cyber Resilience.
Portfolio company Flatirons
announced the appointment of Vincent Fauveau as new Chief Executive Officer.
Portfolio company Paxia
introduces PaxiaCloud, a next-generation catering management platform.
Portfolio company Wellcove
partners with Provectus to redefine data management via a data lakehouse storage infrastructure.
Portfolio company Rand McNally
announced the appointment of Doug Phillips as Chief Executive Officer.
Portfolio company Sharpen Technologies
wins Bronze Stevie Award for technical support excellence.
Portfolio company Teesnap
announced a new integration with Golf Genius, a leader in tournament management solutions.
Portfolio company Univeris
announced the appointment of Lou Longhi as Chief Revenue Officer.
Portfolio company MileMaker
announced a new partnership with Turvo, enabling enhanced Transportation Management Solutions.2025 Primary Areas of Focus: Corporate Carve-outs & Special Situations
ABOUT TELEO CAPITAL
TELEO Capital is a lower middle market private equity firm that looks to invest in opportunities where its strategic thought, operational resources and capital base empower management to perform and execute their business plan. TELEO brings asuccessful track record of executing corporate carve-outs, recapitalizing broken balance sheets, acquiring founder-owned companies, and implementing buy and build strategies for its portfolio companies. TELEO targets opportunities in the technology & software, healthcare IT, business services, and industrial sectors. The firm is headquartered in Boise, ID with an additional office in Los Angeles, CA.
