June 4, 2007 Timothy Prickett Morgan
TMW Systems, which has a set of truck dispatch and fleet management software for i5/OS and Windows platforms, has continued on its acquisition strategy. Last fall, TMW Systems bought one of its rivals, Maddocks Systems, and last week the company bought another rival, TMT Software.
TMW Systems was quietly acquired by two private equity firms, Wachovia Capital Partners and Peppertree Capital Management, back in September 2005, and this is where the company is getting its capital to make acquisitions. Wachovia Capital Partners is the equity investment arm of Wachovia, the fourth largest bank in America, and Peppertree is a