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Gowling WLG advises on acquisition of Inform Information Systems Limited
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International law firm, Gowling WLG has acted for the sole shareholder of Inform Information Systems Limited ("IIS") - known commercially as 'FuelsPricing - on its acquisition by Professional Datasolutions, Inc. ("PDI") - a Genstar Capital and TA Associates portfolio company.
IIS is a leading independent provider and integrator of retail and wholesale fuel pricing software solutions founded by CEO and sole shareholder, Mark Scanlon.
The company has global experience providing analysis and pricing for more than 35,000 retail service stations and over 100,000 business-to-business shipping locations for petroleum wholesalers. It services customers in more than 50 countries ranging from independent retailers to the large multi-national integrated oil companies.
PDI is a leading global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries. IIS is highly complementary to PDI's Enterprise software platform, and provides PDI with nearly three decades of expertise in the complex field of fuel pricing forecasting and optimisation.
The Gowling WLG team was led by Corporate Partner, Jeff Elway, assisted by Sian Dewing (Corporate Associate), Mike Murphy (Tax Partner), Sally Mewies (IT Partner), Joe O'Callaghan (IT Associate), Luke Kempton (IP Partner), Mathilda Davidson (IP Associate), Martin Chitty (Employment Partner), Alice Loughney (Employment Associate), Paul Carberry (Pensions Partner) and Stephanie Hinks (Pensions Associate).
Mark Scanlon, Founder and CEO of IIS/FuelsPricing, said: "We are delighted to reach an agreement with PDI and its private equity owners to facilitate further growth of FuelsPricing. PDI's focus on innovation, global reach, industry expertise, and reputation for excellent customer service and employee engagement aligns seamlessly with our long-term goals and evolution.
"Gowling WLG assisted our team to navigate the complexities of the transaction that was initiated in February 2018. The Gowling WLG team provided first class support during the tight timescales and their support was appreciated. The breadth and ability of the Gowling WLG team to meet our challenging demands contributed significantly to the success of the transaction."
Jeff Elway, Corporate Partner at Gowling WLG, said:"We are delighted to have helped Mark during the transaction. The transaction was completed in line with what at the outset in February 2018 was an ambitious timetable."
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