CalAmp revealed its entry into a Restructuring Support Agreement with its primary secured lender, Lynrock Lake Master Fund LP.
The latter will emerge as the principal equity owner of CalAmp, transitioning the company to private ownership.
CalAmp Files Bankruptcy, Restructuring Finances
The company will transition to private ownership as Lynrock Lake Master Fund LP becomes the principal equity owner.
June 7, 2024
As CalAmp undergoes financial restructuring, its business operations in the U.S. and abroad will continue as usual.
Photo: Pixabay
1 min to read
CalAmp, established in 1981, is a cloud-based telematics technology. The company allows fleets to monitor their operations via asset tracking, maintenance scheduling, performance dashboards, and vehicle alerts, as reported by Gartner in 2023. The telematics service is used by over 14,000 commercial and government organizations with over 10 million active edge devices and 275+ issued or pending patents.
CalAmp has plans to convert approximately $229 million worth of Convertible Senior Secured Notes, currently held by Lynrock, into equity stakes within the newly reorganized company.
To finalize its privatization strategy, CalAmp has willingly started the process per Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
"The savings from eliminating the interest on the debt and the overhead of being a public company will allow us to invest more significantly in the numerous opportunities we see to support our customers' needs," Chris Adams, CalAmp president and CEO, said.
As CalAmp undergoes financial restructuring, its business operations in the U.S. and abroad will continue as usual.
More Operations
From Waffle House to AI: Fleet Trends You Need to Know
In this AF news recap, host Faith Howell covers how Waffle House stepped up during disaster response and new AI tech on the market.
Read More →
Fleet Operations in the Age of AI: Navigating Ethical and Legal Challenges
AI is no longer a future concept for fleets—it’s already embedded in the tools, data, and decisions that operators rely on every day. In this episode of the Fleet Forward Podcast, recorded live at Fleet Forward, industry leaders take the conversation beyond hype to examine what responsible AI adoption really looks like in fleet operations.
Read More →
Factory Installed vs. Aftermarket: Choosing the Right Telematics Path & Managing the Data
As fleets rethink how they capture, manage, and act on vehicle data, telematics is at a major inflection point. In this episode of the Fleet Forward Podcast, we dive deep into one of the most pressing questions facing fleet leaders today: Should you rely on OEM factory-installed connectivity, aftermarket devices, or a hybrid of both?
Read More →
What Real-Time Data Reveals About EV Cost, Performance, and Scalability
Experts from telematics analytics, fleet-as-a-service operations, and national EV benchmarking share how real-time data is reshaping fleet strategy—dispelling assumptions, validating best practices, and exposing costly missteps.
Read More →
Planning Through Policy Shifts: What Fleets Must Track in 2026
A powerhouse panel featuring experts from the American Automotive Leasing Association, CalSTART, and municipal fleet leadership dives into the realities of navigating shifting emissions rules, regulatory waivers, federal agency actions, the future of the EPA’s endangerment finding, and the push for unified standards. They also examine the impacts of tariffs, autonomous vehicle policy, battery innovation, and the accelerating global EV market.
Read More →
Managing Market Turbulence with Strategic Fleet Insights
This episode kicks off with a deep dive into the technologies and market forces reshaping today’s fleet landscape. Host Chris Brown is joined by Laolu Adeola (Leke Services), Tyson Jomini (J.D. Power), and Richard Hall (ZappiRide) to break down real-world data, shifting incentives, and practical strategies fleet leaders can use right now.
Read More →
Adapting Fleet Policy When Disasters Strike
In the middle of natural disasters fleet managers must shift priorities to protect people and assets. What policy items should be loosened, and when should the line be held?
Read More →
EV Reality Check: How Fleets Are Managing Policy Shifts, Safety, and Scaling Challenges
In this episode, fleet leaders from municipal, university, and private-sector organizations share a candid EV reality check. From infrastructure setbacks and policy whiplash to grant funding, total cost of ownership, and charging resiliency, this conversation dives into what it actually takes to scale electrification in the real world.
Read More →
Fleet Hall of Fame Honorees Through the Years
A running list of the fleet industry’s most influential leaders, recognized for their lasting impact on commercial fleet management.
Read More →
2026 Salary Survey: Six-Figure Fleet Manager Salaries Become the Norm
After a decade of lagging compensation, fleet manager pay is climbing. But expanding responsibilities, larger fleets, and growing complexity continue to redefine the role.
Read More →