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M&A-hungry company gets a new owner

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Belton-based Safe Fleet, a leading provider of safety and productivity solutions for fleet vehicles, was sold for an undisclosed amount to Oak Hill Capital Partners. The transaction is expected to close before the end of the first quarter. Safe Fleet has been owned by another private equity firm called The Sterling Group. Houston-based Sterling acquired Belton-based R-O-M Corp. and Pineville, N.C.-based Specialty Manufacturing Inc. in October 2013, immediately merging them together under the Safe…

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