M&A Deal Summary

AMETEK Acquires Telular

On November 1, 2018, AMETEK acquired information technology company Telular from Avista Healthcare Partners and Constitution Capital Partners for 525M USD

Acquisition Highlights
  • This is AMETEK’s 2nd transaction in the Information Technology sector.
  • This is AMETEK’s 3rd largest (disclosed) transaction.
  • This is AMETEK’s 51st transaction in the United States.
  • This is AMETEK’s 5th transaction in Illinois.

M&A Deal Summary

Date 2018-11-01
Target Telular
Sector Information Technology
Buyer(s) AMETEK
Sellers(s) Avista Healthcare Partners
Constitution Capital Partners
Deal Type Add-on Acquisition
Deal Value 525M USD

Target

Telular

Chicago, Illinois, United States
Telular Corp. provides remote monitoring and asset tracking solutions for business and residential customers, enabling security systems and industrial applications to exchange actionable information wirelessly, typically through cellular and satellite technology.

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Buyer(S) 1

Buyer

AMETEK

Berwyn, Pennsylvania, United States

Category Company
Founded 1930
Sector Test/Measurement Equipment
Employees21,500
Revenue 6.6B USD (2023)
DESCRIPTION
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.
Entrance to AMETEK's headquarters in Berwyn, Pennsylvania.

AMETEK is a global manufacturer of electronic instruments and electromechanical devices. AMETEK was founded in 1930 and is based in Berwyn, Pennsylvania.


DEAL STATS #
Overall 60 of 72
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 54 of 65
State (Illinois) 5 of 6
Country (United States) 51 of 59
Year (2018) 5 of 6
Size (of disclosed) 3 of 37
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Forza Silicon

Pasadena, California, United States

Forza Silicon Corp. is a designer and producer of high-performance imaging sensors used in medical, defense, commercial and industrial applications. Forza Silicon’s Custom IC Design and Integrated Production Services model offers a complete end-to-end solution from circuit design to the delivery of highly reliable production parts. Forza Silicon was formed in 2001 and is based in Pasadena, California.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-27 Spectro Scientific

Chelmsford, Massachusetts, United States

Spectro Scientific, Inc. is a provider of machine condition monitoring solutions for critical assets in high-value industrial applications. Spectro provides both lab-based and onsite instrumentation, consumables and cloud-based software analytics to help customers determine and monitor the condition of fluids in mission-critical equipment. Spectro Scientific, Inc. was founded in 1983 and is based in Chelmsford, Massachusetts.

Buy $190M

Seller(S) 2

SELLER

Avista Healthcare Partners

New York, New York, United States

Category Private Equity Firm
Founded 2005
PE ASSETS 8.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Avista Capital Partners is a private investment firm formed by a group of professionals with roots from DLJ Merchant Banking Partners. Avista makes controlling and minority investments in US based energy, healthcare, and media companies with revenues greater than $25 million. Typical transactions include leverage buyouts, build-ups, and growth capital financings. Avista Capital was formed in 2005 and is based in New York City with an additional office in Houston, Texas.


DEAL STATS #
Overall 26 of 30
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 12 of 15
State (Illinois) 1 of 1
Country (United States) 22 of 24
Year (2018) 4 of 4
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 RVL Pharmaceuticals

Bridgewater, New Jersey, United States

RVL Pharmaceuticals is a fully-integrated specialty pharmaceutical and generics company with capabilities across the pharmaceutical lifecycle. With an attractive portfolio of marketed products and robust pipeline, RVL Pharmaceuticals develops, manufactures and commercializes pharmaceutical products across a variety of therapeutic areas, including neuroscience, pain and women’s healthcare. RVL Pharmaceuticals is based in Bridgewater, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 G&W Dermatology

New Jersey, United States

G&W Dermatology has a diversified portfolio of approximately 35 self-labeled generic topical dermatology products that are currently marketed and sold in the U.S. In addition, the Company maintains partnership arrangements on a number of products and is a contract manufacturer for select products owned by other pharmaceutical companies. G&W Dermatology has a manufacturing facility with capabilities in suppository, cream, ointment, liquid, and gel development.

Buy -
SELLER

Constitution Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 5.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Constitution Capital Partners is a private equity and asset management firm focused on opportunities throughout North America. Constitution Capital typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. Constitution Capital Partners was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 17 of 23
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 8 of 11
State (Illinois) 2 of 2
Country (United States) 16 of 20
Year (2018) 4 of 5
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-07 Alegeus

Waltham, Massachusetts, United States

Alegeus is a provider of benefits administration software, debit cards, and transaction processing solutions for consumer directed healthcare accounts, including flexible spending accounts, health reimbursement arrangements, and health savings accounts. Alegeus was formed in 2012 and is based in Waltham, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Hojeij Branded Foods

Atlanta, Georgia, United States

Hojeij Branded Foods is one of the major airport Foodservice operators in North America. Headquartered in Atlanta, it operates more than 124 bars and restaurants in 38 airports across the US and Canada.

Sell $330M