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Bullitt Group

The deal

Investing in a leading provider of rugged mobile devices

Undisclosed

Fund III

The teams

Management Team

Chair: Pieter Knook

CEO: Peter Stephens

The story

Bullitt Group (Bullitt) is a leading provider of rugged mobile devices, primarily mobile phones under the Caterpillar Inc. (CAT) brand.

The business partners with category-leading global brands to create innovative mobile devices that target specialist customer needs in industries such as construction, agriculture and outdoor leisure. Bullitt collaborates with CAT to design mobile devices with both rugged design credentials (waterproof, dustproof, drop-proof) and specialist features such as a unique thermal camera. Bullitt is also partnering with Land Rover to create mobile phones for outdoor enthusiasts.

Exponent acquired Bullitt from its founders. Exponent partnered with the incumbent team led by CEO Peter Stephens and incoming Operating Chair Pieter Knook. We were attracted by the global growth opportunity in the rugged mobile phone segment and the opportunity to expand the business into new products and segments.