M&A Deal Summary

Network Technology Acquires JRL Systems

On January 1, 1997, Network Technology acquired technology hardware company JRL Systems from Antares Capital for 5M USD

Acquisition Highlights
  • This is Network Technology’s 1st transaction in the Technology Hardware sector.
  • This is Network Technology’s largest (disclosed) transaction.
  • This is Network Technology’s 1st transaction in the United States.
  • This is Network Technology’s 1st transaction in Texas.

M&A Deal Summary
Date 1997-01-01
Target JRL Systems
Sector Technology Hardware
Buyer(s) Network Technology
Sellers(s) Antares Capital
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

JRL Systems

Austin, Texas, United States
JRL Systems is a provider of graphics device controllers, graphics data translators, graphics printers, and network solutions. JRL Systems is based in Austin, Texas.

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Buyer(S) 1

Buyer

Network Technology

Burgess Hill, United Kingdom

website

Category Company
Founded 1985
Sector Communications
Employees51
DESCRIPTION

Network Technology Plc designs, manufactures, and markets hardware and software products in the United Kingdom and internationally.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (1997) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Antares Capital

Miami, Florida, United States

Investor Investor

website

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.

DEAL STATS #
Overall 5 of 42
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 3 of 17
State (Texas) 2 of 3
Country (United States) 4 of 41
Year (1997) 1 of 3
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-11-01 Sano

County Westmeath, Ireland

Sano is a transdermal drug delivery company. Sano based in County Westmeath, Ireland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-06-19 Masada Security

St. Petersburg, Florida, United States

Masada Security provides security and video surveillance to thousands of residential and commercial customers throughout Tampa Bay. Masada Security was founded in 1998 and is based in St. Petersburg, Florida.

Sell -
Mergr

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