M&A Deal Summary

Airgain Acquires NimbeLink

On January 7, 2021, Airgain acquired information technology company NimbeLink from First Analysis for 15M USD

Acquisition Highlights
  • This is Airgain’s 1st transaction in the Information Technology sector.
  • This is Airgain’s largest (disclosed) transaction.
  • This is Airgain’s 1st transaction in the United States.
  • This is Airgain’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2021-01-07
Target NimbeLink
Sector Information Technology
Buyer(s) Airgain
Sellers(s) First Analysis
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

NimbeLink

Plymouth, Minnesota, United States
NimbeLink is an IoT/M2M solutions company that focuses on smart, simple cellular solutions. NimbeLink has created a core set of intellectual properties, products, and services to enable the rapid deployment of complete IoT solutions. Building out from its core product, the Skywire end-device certified modem, the company can deliver everything from the edge to the cloud. NimbeLink was formed in 2013 and is based in Plymouth, Minnesota.

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Buyer(S) 1

Buyer

Airgain

San Diego, California, United States

Category Company
Founded 1995
Sector Technology Hardware
Employees122
Revenue 56M USD (2023)
DESCRIPTION

Airgain is a provider of advanced antenna technologies used to enable high-performance wireless networking across a broad range of devices and markets, including consumer, enterprise, and automotive. Combining design-led thinking with testing and development, Airgain works in partnership with the entire ecosystem, including carriers, chipset suppliers, OEMs, and ODMs. Airgain’s antennas are deployed in carrier, fleet, enterprise, residential, private, government, and public safety wireless networks and systems, including set-top boxes, access points, routers, modems, gateways, media adapters, portables, digital televisions, sensors, fleet, and asset tracking devices. Airgain was formed in 1995 and is headquartered in San Diego, California.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

First Analysis

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1981
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

First Analysis is a financial advisory and investment firm. First Analysis' private equity arm targets investments in growth companies at all stages of development. The Group looks for opportunities based primarily in the US and can commit up to $10 million of equity per transaction. Sectors of particular interest include outsourced services, (business/government services, education, environmental services, healthcare services, marketing services); information technology, (business integration, call centers, healthcare IT, network security, open source, sensor systems, transaction processing); and chemistry enabled businesses (advanced materials, chemicals, healthcare products, polymers, purification). First Analysis was formed in 1981 and is based in Chicago, Illinois.


DEAL STATS #
Overall 62 of 71
Sector (Information Technology) 13 of 13
Type (Add-on Acquisition) 45 of 51
State (Minnesota) 3 of 3
Country (United States) 62 of 70
Year (2021) 1 of 5
Size (of disclosed) 21 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 Apixio

San Mateo, California, United States

Apixio, Inc. is an operator of an AI healthcare analytics company that is developed to a patented analytics platform to improve healthcare delivery through novel insights from medical records and administrative data. Apixio’s computing platform is built upon insights from analyzing more than 6 million patient charts. Apixio was founded in 2009 and is based in San Mateo, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 BuyerQuest

Cleveland, Ohio, United States

BuyerQuest, Inc. is a spend management software and services company, founded on the core belief that the enterprise procurement experience can and should be just as easy as an everyday B2C e-commerce shopping experience. BuyerQuest, Inc. was founded in 2011 and is based in Cleveland, Ohio.

Sell -