M&A Deal Summary

AE Monitoring Acquires Earth Networks

On December 10, 2019, AE Monitoring acquired information technology company Earth Networks from Polaris Partners, HarbourVest Partners and Patriot Capital

Acquisition Highlights
  • This is AE Monitoring’s 1st transaction in the Information Technology sector.
  • This is AE Monitoring’s 5th transaction in the United States.
  • This is AE Monitoring’s 1st transaction in Maryland.

M&A Deal Summary
Date 2019-12-10
Target Earth Networks
Sector Information Technology
Buyer(s) AE Monitoring
Sellers(s) Polaris Partners
HarbourVest Partners
Patriot Capital
Deal Type Add-on Acquisition

Target

Earth Networks

Germantown, Maryland, United States
Earth Networks helps organizations mitigate financial, operational and human risk by providing environmental intelligence from the world’s largest hyperlocal weather network. Schools, airports, sports teams, utilities, and government agencies rely on our early warning solutions to safeguard lives, prepare for weather events and optimize operations. Companies across all industries use Earth Networks weather data to automate decisions regarding risk management, business continuity, and asset protection. Earth Networks was founded in 1993 and is based in Germantown, Maryland.

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Buyer(S) 1

Buyer

AE Monitoring

Germantown, Maryland, United States
Category Company
Founded 2018
Sector Environmental
DESCRIPTION

AE Monitoring focused on the monitoring of critical environmental parameters, including meteorology, hydrology, air, and soil. Social demands for environmental responsibility continue to increase, leading to growth initiatives and regulations for the development of environmentally-friendly industries, increased focus on disaster prevention and extreme weather (floods, hurricanes, droughts, thunderstorms, etc.), and advances in technology enabling real-time, more accurate monitoring in hazardous applications and environments. AE Monitoring was formed in 2018 and is based in Germantown, Maryland.

DEAL STATS #
Overall 7 of 8
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 7 of 8
State (Maryland) 1 of 1
Country (United States) 5 of 6
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Davis Instruments

Hayward, California, United States

Davis Instruments is a manufacturer of affordable, precision weather and marine instruments to meet the needs of value-minded professionals and consumers who demand the best. From the sleek, full-featured Vantage Vue to the customizable, industrial-grade Vantage Pro2 to the market-leading Windex Wind Vane, Davis Instruments has engineered products for meteorologists, educators, farmers, students, and discerning hobbyists. Davis Instruments was founded in 1963 and is based in Hayward, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 WeatherWorks

Hackettstown, New Jersey, United States

WeatherWorks is a weather consulting company that provides meteorological services to a range of industries, including construction, transportation, and insurance. WeatherWorks offers services such as weather forecasts, storm analysis, climate data, and forensic meteorology to help businesses make informed decisions based on weather conditions. WeatherWorks is based in Hackettstown, New Jersey.

Buy -

Seller(S) 3

SELLER

Polaris Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1996
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Polaris Partners is primarily a seed, first round, and early stage venture capital investor in information technology and life science businesses. However, Polaris also focuses on private equity investments in established companies. In this area, Polaris targets high growth middle market companies in industries including technology, healthcare, digital media, consumer products and services, and business services. The firm's investments include minority growth equity investments, recapitalizations with liquidity, and leveraged buyouts. Polaris Partners was formed in 1996 and has offices in Seattle, Washington and Waltham, Massachusetts.

DEAL STATS #
Overall 24 of 33
Sector (Information Technology) 7 of 7
Type (Add-on Acquisition) 8 of 15
State (Maryland) 2 of 2
Country (United States) 22 of 30
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-22 Liaison

Watertown, Massachusetts, United States

Liaison is a provider of SaaS-based outsourced software solutions for academic programs within postsecondary institutions. Through their solutions, Liaison helps academic programs manage labor intensive processes such as admissions and accreditation. Liaison was founded in 1990 and is based in Watertown, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Podimetrics

Somerville, Massachusetts, United States

Podimetrics has developed a temperature sensing mat for the early detection of diabetic foot ulcers. Podimetrics was founded in 2011 and is based in Somerville, Massachusetts.

Buy -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.

DEAL STATS #
Overall 101 of 134
Sector (Information Technology) 14 of 18
Type (Add-on Acquisition) 40 of 58
State (Maryland) 4 of 5
Country (United States) 64 of 85
Year (2019) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 SevOne

Wilmington, Delaware, United States

SevOne, Inc. delivers comprehensive real-time IT infrastructure monitoring, troubleshooting and performance reporting solution. The company invented a proprietary, next-generation distributed technology, called the SevOne Cluster™, that combines the cutting edge principles behind peer-to-peer sharing and big data analytics to scale smoothly so that millions of IT elements, across all monitoring technologies, can be managed and provide a single view to the user. SevOne was formed in 2005 and is based in Wilmington, Delaware.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-13 21st Century Oncology

Fort Myers, Florida, United States

21st Century Oncology is a provider of cancer care services across multiple modalities, the largest radiation oncology provider and one of the largest groups of urologists in the U.S. 21st Century Oncology was founded in 1983 and is based in Fort Myers, Florida.

Sell $1.1B
SELLER

Patriot Capital

Baltimore, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Large
Type Sector Agnostic
DESCRIPTION

Patriot Capital is a private investment firm that provides equity and junior capital to support acquisitions, growth capital financings, management buyouts, and recapitalizations of middle-market companies. The Firm looks to invest $5 to $25 million in businesses generating revenues of $10 to $200 million. Areas of interest include business and consumer services, consumer products, niche manufacturing and distribution, education, e-commerce, application software, transportation, and telecom services. Patriot focuses its investment activity with the Mid-Atlantic, Midwest, and Southern areas of the US. Patriot Capital is based in Baltimore, Maryland.

DEAL STATS #
Overall 36 of 50
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 22 of 29
State (Maryland) 5 of 7
Country (United States) 36 of 50
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-21 Libra Industries

Dayton, Ohio, United States

Libra Industries is a vertically integrated contract manufacturer providing electronic manufacturing services (EMS) to OEMs in the aerospace, defense, medical, semiconductor, communications, and industrial markets. Libra Industries was founded in 1980 and is headquartered in Dayton, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 Trüdela Partners

Arlington, Texas, United States

Trüdela Partners is a DFW-based company specializing in home service repairs and maintenance. We focus on providing our customers with an exemplary customer experience through preventive maintenance and a first-time fix approach on service appointments. Trüdela Partners was established in and is based in Arlington, Texas.

Buy -
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