Titan Cloud Software has acquired JMM Global, bringing together two providers of Underground Storage Tank (UST) compliance software and services for the fuel industry.
Tennessee-based Titan Cloud Software — whose customers include 7-11, Circle K, XPO Logistics, Hertz and more — delivers the industry-standard compliance platform for retail and commercial fuel providers. The company has experienced double-digit growth annually since it launched in 2012.
“We’re very excited here,” said David Freese, president and CEO of Titan Cloud. “Merging with JMM Global allows us to bring together two market leaders to create a company that provides best-in-class software and services to an industry that is hungry for innovation, automation, and artificial intelligence, along with the high-touch support that we’ve always offered our customers. With JMM Global on board, we now have even more expertise and increased capabilities to provide our customers with the platinum software support and premium services they need.”
JMM Global is located near Chicago and was founded by Jon Mariñas in 2003.
“I am excited to be part of Titan. JMM has a product set that fits nicely with Titan’s vision, and being a part of the team will allow us to stay committed to our high standard of service and gives us plenty of room to grow,” said Jon Mariñas, president and CEO of JMM Global.
Some of the company’s current customers include BP North America, Sheetz and Waste Management.
The deal was led by Titan’s equity investor M33 Growth.
“Titan is an ideal partner for JMM Global,” said Brian Shortsleeve, co-founder and managing director of M33 Growth. “Titan’s cutting-edge cloud-based environmental and fuel monitoring platform, and JMM’s commitment to providing outstanding service to their customers will accelerate growth to the next level. Their combined customer base covers some of the largest players in the space and by uniting the two companies’ resources and unparalleled expertise, we will create the clear industry leader.”
The acquisition follows a series of investments by Titan Cloud into sales and marketing, with Chief Revenue Officer John Donnelly III and several key hires having joined the company in August.
“Titan is growing and scaling in every area of the business,” said Freese. “The moves we’re making now are going to help our customers continue to realize huge benefits for years to come.”