October 17, 2016 — Applied Equity LLC today announced the acquisition of Blue Sky Network (“BSN”) with search fund entrepreneurs, Kambiz Aghili and Greg Demory of Kerwood Capital.  BSN, based in San Diego, was founded in 2001 and provides uninterrupted, real-time remote asset tracking solutions using the Iridium satellite network for fixed wing, marine, rotary wing and the land/mobile markets.  The company offers proprietary, FAA-certified (Tier I Iridium, GSM) standalone hardware along with a cloud-based, multi-platform fleet management software portal.