GTCR acquired Tactacam, a PE-backed action camera and dashcam provider, in a transaction valued above $1 billion, marking a secondary buyout in the consumer hardware space.

Private-equity firm GTCR acquired Tactacam, a supplier of trail and security cameras, from Bertram Capital and the company’s founders. Terms were officially undisclosed, although The Wall Street Journal reported a valuation exceeding $1 billion. Tactacam supplies cellular trail and security cameras to more than one million subscribers. CEO and co-founder Jeff Peel will remain in charge and retain an ownership interest. GTCR plans to support broader distribution of the company’s Reveal outdoor cameras and Defend security products. The company was founded in 2013 and headquartered in Billings, Montana,

Bertram Capital has successfully sold Tactacam to GTCR, marking a significant exit from its investment portfolio. This partnership aims to propel Tactacam's growth in outdoor and security camera technology.

Tactacam, a leading name in cellular cameras, has officially been sold to GTCR. This move is set to enhance their product development and distribution efforts in security and outdoor markets.

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