BBH Capital Partners Completes Investment in Clever Devices LTD.

February 03, 2021
  • Private Banking
BBH Capital Partners (BBHCP) announced today that it has completed a minority equity investment in Clever Devices Ltd.

New York, NY, February 3, 2021 — BBH Capital Partners (BBHCP) announced today that it has completed a minority equity investment in Clever Devices Ltd. (Clever Devices) in partnership with the existing management team and shareholder group. The existing management structure of Clever Devices will remain in place and BBHCP’s Brad Langer and Rusty Lewis have joined the company’s board of directors.

Founded in 1988, Clever Devices is a North American market leader in the design and development of Intelligent Transportation Solutions (ITS) for various modes of public transportation, including bus, rail, and paratransit. Headquartered in Woodbury, NY, the company also has offices in Canada, Brazil, and Italy. Clever Devices’ mission critical technology solutions optimize the operations and management of transit fleets, enhance safety and security, and improve rider experiences through real time passenger information.

The new equity investment into Clever Devices will accelerate the company’s ability to invest in innovative transit technology that addresses the evolving needs of its customers and expands its footprint around the world. “Over the past decade, Clever Devices has grown exponentially. Because of our robust technology portfolio and our fierce commitment to our customers, we have become the partner of choice for hundreds of transit agencies in North America. Our partnership with BBHCP will enable us to continue to expand our business and invest in R&D while maintaining the customer-centric approach we are so proud of. BBHCP has a long history of partnering with mid-market companies like ours and their values align closely with ours. I am excited to welcome them as a partner to the Clever Devices’ family,” said Frank Ingrassia, CEO of Clever Devices.

Brad Langer, Co-Manager of BBHCP and Managing Director of BBH & Co., commented: “We have had the opportunity to build a relationship with the Clever Devices ownership group and management team over the past ten years and we are excited that BBHCP has become the first outside investor in the company. Our diligence confirmed that Clever Devices is the market leader in transit technology for public and private mass transit and we believe that the company has significant near term growth opportunities. The BBHCP investment is designed to facilitate this near term growth while leaving the prior ownership group in control. We look forward to working closely with Clever Devices’ senior management team.”


About Clever Devices Ltd.

Founded in 1988, Clever Devices Ltd. (Clever Devices) is a global leader in the ITS market, with hardware and software products installed on more than 45,000 public and mass transit vehicles throughout the U.S. and Canada. The company’s mission critical technology solutions optimize transit operations and the management of transit fleets, enhance safety and security, and improve rider experiences through real time passenger information. Clever Devices’ product suite serves as the central operating system for major public and private mass transit authorities and the company is the market leader with 14 of the top 20 mass transit agencies in North America as customers.


About BBH Capital Partners

BBH Capital Partners (BBHCP), a private equity strategy of Brown Brothers Harriman & Co. (BBH), provides friendly capital solutions to growth-oriented middle-market companies with enterprise values between $50 million and $750 million. Our flexible investment mandate gives us the ability to act as a control or non-control investor and to structure our investments as a combination of equity and subordinated debt securities as needed. BBHCP typically invests between $50 million and $150 million per platform investment, and our capital is used to support a variety of transactions, including management or leveraged buyouts, growth financings, recapitalizations, buy-and-build strategies and acquisitions.

Brown Brothers Harriman & Co. (“BBH”) may be used as a generic term to reference the company as a whole and/or its various subsidiaries generally. This material and any products or services may be issued or provided in multiple jurisdictions by duly authorized and regulated subsidiaries.This material is for general information and reference purposes only and does not constitute legal, tax or investment advice and is not intended as an offer to sell, or a solicitation to buy securities, services or investment products. Any reference to tax matters is not intended to be used, and may not be used, for purposes of avoiding penalties under the U.S. Internal Revenue Code, or other applicable tax regimes, or for promotion, marketing or recommendation to third parties. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed, and reliance should not be placed on the information presented. This material may not be reproduced, copied or transmitted, or any of the content disclosed to third parties, without the permission of BBH. All trademarks and service marks included are the property of BBH or their respective owners.© Brown Brothers Harriman & Co. 2021 All rights reserved.

As of June 15, 2022 Internet Explorer 11 is not supported by

Important Information for Non-U.S. Residents

You are required to read the following important information, which, in conjunction with the Terms and Conditions, governs your use of this website. Your use of this website and its contents constitute your acceptance of this information and those Terms and Conditions. If you do not agree with this information and the Terms and Conditions, you should immediately cease use of this website. The contents of this website have not been prepared for the benefit of investors outside of the United States. This website is not intended as a solicitation of the purchase or sale of any security or other financial instrument or any investment management services for any investor who resides in a jurisdiction other than the United States1. As a general matter, Brown Brothers Harriman & Co. and its subsidiaries (“BBH”) is not licensed or registered to solicit prospective investors and offer investment advisory services in jurisdictions outside of the United States. The information on this website is not intended to be distributed to, directed at or used by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Persons in respect of whom such prohibitions apply must not access the website.  Under certain circumstances, BBH may provide services to investors located outside of the United States in accordance with applicable law. The conditions under which such services may be provided will be analyzed on a case-by-case basis by BBH. BBH will only accept investors from such jurisdictions or countries where it has made a determination that such an arrangement or relationship is permissible under the laws of that jurisdiction or country. The existence of this website is not intended to be a substitute for the type of analysis described above and is not intended as a solicitation of or recommendation to any prospective investor, including those located outside of the United States. Certain BBH products or services may not be available in certain jurisdictions. By choosing to access this website from any location other than the United States, you accept full responsibility for compliance with all local laws. The website contains content that has been obtained from sources that BBH believes to be reliable as of the date presented; however, BBH cannot guarantee the accuracy of such content, assure its completeness, or warrant that such information will not be changed. The content contained herein is current as of the date of issuance and is subject to change without notice. The website’s content does not constitute investment advice and should not be used as the basis for any investment decision. There is no guarantee that any investment objectives, expectations, targets described in this website or the  performance or profitability of any investment will be achieved. You understand that investing in securities and other financial instruments involves risks that may affect the value of the securities and may result in losses, including the potential loss of the principal invested, and you assume and are able to bear all such risks.  In no event shall BBH or any other affiliated party be liable for any direct, incidental, special, consequential, indirect, lost profits, loss of business or data, or punitive damages arising out of your use of this website. By clicking accept, you confirm that you accept  to the above Important Information along with Terms and Conditions.

1BBH sponsors UCITS Funds registered in Luxembourg, in certain jurisdictions. For information on those funds, please see

captcha image

Type in the word seen on the picture

I am a current investor in another jurisdiction