Investment Summary

ABRY Partners Invests In PowerFleet

On March 13, 2019, private equity firm ABRY Partners invested in technology hardware company PowerFleet

Investment Highlights
  • This is ABRY Partners’ 3rd transaction in the Technology Hardware sector.
  • This is ABRY Partners’ 115th transaction in the United States.
  • This is ABRY Partners’ 9th transaction in New Jersey.

Investment Summary

Date 2019-03-13
Target PowerFleet
Sector Technology Hardware
Investor(s) ABRY Partners
Deal Type PIPE

Target

PowerFleet

Woodcliff Lake, New Jersey, United States
PowerFleet is a manufacturer of communication equipment for wireless M2M solutions to securing, tracking and managing high-value enterprise assets, including industrial vehicles such as forklifts, airport ground support and handling equipment, transportation assets including trailers and containers and even rental car fleets. PowerFleet was founded in 1993 and is based in Woodcliff Lake, New Jersey.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 1

Investor

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 131 of 175
Sector: Technology Hardware M&A 3 of 3
Type: PIPE M&A Deals 1 of 1
State: New Jersey M&A 9 of 11
Country: United States M&A 115 of 145
Year: 2019 M&A 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Dr. Dental

Framingham, Massachusetts, United States

Dr. Dental is a dental management service organization. Dr. Dental supports affiliates in all non-clinical aspects of dental practice, including staffing, patient scheduling, billing and collections, financial reporting and analysis, group purchasing, payroll, marketing, education, and training. Dr. Dental was founded in 2004 and is based in Framingham, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-26 Aftermath Services

Aurora, Illinois, United States

Aftermath Services is a provider of biohazard management, crime scene and trauma cleanup services, on a national scale. Aftermath also provides awareness training to law enforcement agencies, first responders, medical examiners, and other professionals to educate them on the hazards of bloodborne pathogens and other infectious diseases, as well as proper safety procedures. Aftermath Services was founded in 1996 and is based in Aurora, Illinois.

Buy -