M&A Deal Summary

Triton Partners Acquires Acre

On March 11, 2021, private equity firm Triton Partners acquired technology hardware company Acre from Egis Capital Partners and LLR Partners

Acquisition Highlights
  • This is Triton Partners’ 1st transaction in the Technology Hardware sector.
  • This is Triton Partners’ 4th transaction in the United States.
  • This is Triton Partners’ 1st transaction in Nevada.

M&A Deal Summary

Date 2021-03-11
Target Acre
Sector Technology Hardware
Buyer(s) Triton Partners
Sellers(s) Egis Capital Partners
LLR Partners
Deal Type Secondary Buyout
Advisor(s) Houlihan Lokey (Financial)

Target

Acre

Las Vegas, Nevada, United States
website
Acre is a manufacturer of electronic security products that are emphasizing the ongoing transition to more open platform systems. Acre was founded in 2012 and is based in Las Vegas, Nevada.

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Buyer(S) 1

Buyer

Triton Partners

Frankfurt, Germany

Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 15.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Triton Partners is an investment firm focused on investing in medium-size companies headquartered in Western and Northern Europe. This includes businesses in Germany, Switzerland, Austria, Denmark, Finland, Norway, and Sweden. Triton generally pursues market leading companies with the potential for change, as well as growth opportunities through operational improvements. Sectors of interest include business services, consumer products, consumer services, healthcare, and industrials. Triton Partners was formed in 1997 and is based in Frankfurt, Germany.


DEAL STATS #
Overall 81 of 87
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 21 of 25
State (Nevada) 1 of 1
Country (United States) 4 of 4
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 Schock

Regen, Germany

Schock is a manufacturing technology commonly used in the production of quartz composite sinks. The combination of quartz with top-quality acrylic forms a premium compound product that is three times as hard as natural granite and is also superior in terms of many product characteristics to kitchen sinks made from other materials). The Schock range of products comprises sinks for every conceivable kitchen style and taste. Schock was formed in 1924 and is based in Regen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Logstor

Logstor, Denmark

Logstor is a supplier of pre-insulated pipe systems, not only for District Heating, but also for District Cooling, Oil & Gas, and various industrial verticals. Logstor is an international enterprise with sales and production companies in Denmark, Sweden, Finland, and Poland and has sales to more than 50 markets through resellers and own sales companies in Germany, the Netherlands, Switzerland, Austria, France, Lithuania, Italy, Romania, and United Kingdom. Logstor was formed in 1960 and is headquartered in Løgstør, Denmark.

Sell €253M

Seller(S) 2

SELLER

Egis Capital Partners

Summit, New Jersey, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

Egis Capital Partners LLC is a specialist private equity firm focused on opportunities in defense and homeland security. Egis has a target investment size of $10 to $80 million and is willing to act either as the lead investor or is willing to co-invest with larger funds on prospective transactions. Specific areas of interest include physical security services (systems integration, guard services, alarm monitoring, cash services); identity solutions (background screening, investigation services,biometrics, smart cards); and IT security (IT consulting, vulnerability assessment, application security, storage security). Egis Capital Partners LLC was formed in 2008 and is based in New York.


DEAL STATS #
Overall 9 of 10
Sector (Technology Hardware) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Nevada) 1 of 1
Country (United States) 9 of 10
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-29 ButterflyMX

New York, New York, United States

ButterflyMX is a creator of a smart intercom, and has developed the a secure and convenient building entry platform that tethers cloud-based software to intuitive touchscreen hardware. ButterflyMX's mission is to enable people to open and manage doors from a smartphone.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Brivo

Bethesda, Maryland, United States

Brivo is a provider of SaaS-based security management systems for organizations that need to protect and remotely monitor buildings and perimeter entry points. Brivo was founded in 1999 and is based in Bethesda, Maryland.

Sell -
SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $15 to $100 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 56 of 69
Sector (Technology Hardware) 1 of 2
Type (Secondary Buyout) 11 of 14
State (Nevada) 1 of 2
Country (United States) 55 of 68
Year (2021) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Eyewitness Surveillance

Hanover, Maryland, United States

Eyewitness Surveillance provides remote, interactive security surveillance and monitoring services to commercial businesses and currently specializes in automotive dealerships. Eyewitness installs digital cameras and a two-way audio system at the client site and then monitors the properties remotely from its in-house central station. Eyewitness Surveillance was founded in 2004 and is based in Hanover, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 benefitexpress

Schaumburg, Illinois, United States

benefitexpress is a cloud-based platform for employee benefits and health exchange services. benefitexpress is based in Schaumburg, Illinois.

Sell $275M