Weatherford Capital Announces Strategic Investment in BusPatrol

The following is a copy of an article published on GlobeNewswire on June 6, 2024. The full article can be found here.

Tampa, FL -- June 06, 2024 -- BusPatrol, the leader in school bus safety technology, today announced an investment from Weatherford Capital, a technology and business-to-government focused investment firm. Will Weatherford, cofounder of Weatherford Capital and Former Speaker of the Florida House of Representatives, will join the Board with GI Partners and FIT Ventures to drive the next chapter of BusPatrol’s growth. 

“We are excited to welcome Weatherford Capital to BusPatrol’s safety mission,” said CEO Karoon Monfared. “Their deep sector expertise and investment will further accelerate our industry-disrupting approach to delivering public safety with modernizing technology. I look forward to working with Will and his team as we continue our rapid scaling.”

Since its establishment in 2017, BusPatrol has led the stop-arm safety solution market. The company collaborates with school districts, law enforcement agencies, and municipalities to combat illegal and dangerous passes of stopped school buses. BusPatrol equips its partners with cutting-edge technology, offering a fully turnkey platform for capturing and processing violations, along with cloud-connected internal cameras and telematics data for school districts to ensure the safety of their students.

Managing Director Will Weatherford emphasized, “BusPatrol is a cutting-edge public safety company that is bringing innovation to pupil transportation in Florida and across the country. As a former public official, what most attracted me to BusPatrol is their ability to deploy tailored community partnerships that actually make our children safer—and to do it on an unmatched scale in the industry.”

Jerry Stapp, Managing Director from GI Partners, expressed enthusiasm about the collaboration, stating, “We’re excited to have Weatherford Capital, Will, and the rest of their team join us on this journey. We look forward to partnering to further accelerate BusPatrol’s explosive growth.”

Weatherford Capital’s investment comes at a landmark moment for BusPatrol, just several months after a significant growth investment from GI Partners and as it expands its community partnerships.