M&A Deal Summary

FFL Partners Acquires Anova

On April 1, 2017, private equity firm FFL Partners acquired information technology company Anova

Acquisition Highlights
  • This is FFL Partners’ 3rd transaction in the Information Technology sector.
  • This is FFL Partners’ 32nd transaction in the United States.
  • This is FFL Partners’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2017-04-01
Target Anova
Sector Information Technology
Buyer(s) FFL Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Anova

New Providence, New Jersey, United States
Anova engages in providing remote tank monitoring solutions for the industrial gas market, serving over 300 customers in more than 65 countries. The company offers a complete monitoring solution, including a proprietary online monitoring platform that tracks a variety of metrics such as tank level, pressure, and temperature. Anova was founded in 1989 and is based in New Providence, New Jersey.

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Buyer(S) 1

Buyer

FFL Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 5.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

FFL Partners (formerly known as Friedman Fleischer & Lowe) is a private equity group focused on majority and minority investments in North American middle-market companies. Prospective businesses generally have revenues of $30 to $400 million and are valued between $50 and $300 million. Target situations include ownership restructurings in closely-held and family-owned companies, management buyouts, PIPEs, growth equity fundings, take privates, special situations, and recapitalizations. Sectors of interest include outsourced business services, education and training, marketing and media, consumer products, healthcare, and financial services. FFL Partners was formed in 1997 and is based in San Francisco.

DEAL STATS #
Overall 35 of 53
Sector (Information Technology) 3 of 8
Type (Buyout (LBO, MBO, MBI)) 9 of 12
State (New Jersey) 1 of 1
Country (United States) 32 of 49
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 Crisis Prevention Institute

Milwaukee, Wisconsin, United States

Crisis Prevention Institute is a training organization specializing in the safe management of disruptive and assaultive behavior. CPI's training reduces the frequency and impact of incidents resulting from aggressive behavior in the workplace, improve professionals' confidence levels, help customers comply with regulatory requirements, and create a safer environment for all involved. Crisis Prevention Institute was founded in 1980 and is based in Milwaukee, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Iracore International

Hibbing, Minnesota, United States

Iracore International is a designer, producer, and applicator of elastomeric protective coatings for pipelines and other equipment used in demanding industrial applications.

Sell -
Mergr

Product

Company

Legal