M&A Deal Summary

FLIR Systems Acquires DVTel

On November 30, 2015, FLIR Systems acquired safety/security company DVTel from Torch Hill Investment Partners, Seacoast Capital and Egis Capital Partners for 92M USD

Acquisition Highlights
  • This is FLIR Systems’ 2nd transaction in the Safety/Security sector.
  • This is FLIR Systems’ 8th largest (disclosed) transaction.
  • This is FLIR Systems’ 11th transaction in the United States.
  • This is FLIR Systems’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2015-11-30
Target DVTel
Sector Safety/Security
Buyer(s) FLIR Systems
Sellers(s) Torch Hill Investment Partners
Seacoast Capital
Egis Capital Partners
Deal Type Add-on Acquisition
Deal Value 92M USD

Target

DVTel

Ridgefield Park, New Jersey, United States
DVTel, Inc. is a provider of enterprise-class security and surveillance solution. DVTel develops and distributes integrated video management system (VMS) software, advanced video analytics software, visible and thermal security cameras, and related servers and encoders.

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Buyer(S) 1

Buyer

FLIR Systems

Wilsonville, Oregon, United States
Category Company
Founded 1978
Sector Electronics
Employees4,265
Revenue 1.9B USD (2019)
DESCRIPTION

FLIR Systems is a maker of sensor systems that enhance perception and heighten awareness. FLIR Systems leverages thermal imaging and adjacent technologies to provide innovative, intelligent solutions for security and surveillance, environmental and condition monitoring, outdoor recreation, machine vision, navigation, and advanced threat detection. FLIR Systems was formed in 1978 and is based in Wilsonville, Oregon.

DEAL STATS #
Overall 18 of 26
Sector (Safety/Security) 2 of 2
Type (Add-on Acquisition) 12 of 18
State (New Jersey) 1 of 1
Country (United States) 11 of 16
Year (2015) 1 of 1
Size (of disclosed) 8 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-12 Tessera s - Micro-Optics Business

Charlotte, North Carolina, United States

Tessera's - Micro-Optics Business is a developer of optical zoom and digital auto-focus solutions for camera.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-28 Armasight

San Francisco, California, United States

Armasight, Inc. is a provider of night vision, thermal, and daylight imaging products for hunters, outdoor enthusiasts, law enforcement, and military customers. Armasight develops and distributes a wide range of rifle scopes, spotting scopes, binoculars, goggles, and illuminating tools that improve safety and the enjoyment of the outdoors as well as enable military users to detect, recognize, and identify targets from extreme ranges at any time of day or night.

Buy $41M

Seller(S) 3

SELLER

Torch Hill Investment Partners

Washington, District of Columbia, United States
Category Growth Capital Firm
Founded 2005
Size Small
Type Sector Focused
DESCRIPTION

Torch Hill Investment Partners LLC is a private investment firm focused on opportunities in the IT and communications sectors. The Firm looks to provide growth capital to domestic and international companies that play vital roles in supply chain integrity, defense, intelligence and civil and corporate security. Torch Hill Investment Partners was formed in 2005 and is based in Washington DC.

DEAL STATS #
Overall 5 of 8
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (New Jersey) 1 of 1
Country (United States) 5 of 8
Year (2015) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-06 HemCon Medical Technologies

Portland, Oregon, United States

HemCon Medical Technologies is a developer, manufacturer, and marketer of innovative technologies to control bleeding and infection resulting from trauma or surgery.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-18 Jameson

Clover, South Carolina, United States

Jameson is a manufacturer and provider of quality tools and lighting solutions for professionals across industrial end markets worldwide. Jameson’s line-up of high quality, professional-grade products are utilized in lighting applications, inside wiring, underground cabling and locating, aerial cabling, line clearance, and tree trimming. Jameson was formed in 1956 and is based in Clover, South Carolina.

Sell -
SELLER

Seacoast Capital

Danvers, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1994
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Seacoast Capital is a private investment firm that invests equity and mezzanine capital in smaller companies with revenues greater than $10 million and at least $2 million in operating income. Sectors of interest include manufacturing, distribution, business services and industrial technologies. Seacoast has a particular interest in companies located in underserved urban and rural markets, and in all cases, partners with management when considering transactions. Seacoast Capital was formed in 1994 and has offices in Danvers, Massachusetts and San Francisco, California.

DEAL STATS #
Overall 9 of 22
Sector (Safety/Security) 1 of 2
Type (Add-on Acquisition) 2 of 7
State (New Jersey) 1 of 2
Country (United States) 9 of 22
Year (2015) 3 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Righttime

Crofton, Maryland, United States

Righttime is a provider of urgent care services to patients with clinics as far north as Frederick, Maryland to Montgomery County, Howard County, Baltimore, Anne Arundel County, and south into Charles and St. Mary’s Counties.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-26 MDaudit

Waltham, Massachusetts, United States

MDaudit is a provider of consulting services and billing and compliance audit software for university-based, non-profit, mission-based and for-profit hospitals and physician practices across the U.S. In its consulting services practice, Hayes provides clinical/IT consulting, revenue cycle management and strategic consulting services to leading healthcare organizations in the U.S. MDaudit was formed in 1993 and is based in Waltham, Massachusetts.

Buy -
SELLER

Egis Capital Partners

Summit, New Jersey, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

Egis Capital Partners LLC is a specialist private equity firm focused on opportunities in defense and homeland security. Egis has a target investment size of $10 to $80 million and is willing to act either as the lead investor or is willing to co-invest with larger funds on prospective transactions. Specific areas of interest include physical security services (systems integration, guard services, alarm monitoring, cash services); identity solutions (background screening, investigation services,biometrics, smart cards); and IT security (IT consulting, vulnerability assessment, application security, storage security). Egis Capital Partners LLC was formed in 2008 and is based in New York.

DEAL STATS #
Overall 5 of 10
Sector (Safety/Security) 4 of 5
Type (Add-on Acquisition) 4 of 5
State (New Jersey) 1 of 1
Country (United States) 5 of 10
Year (2015) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 iLEVEL Solutions

New York, New York, United States

iLEVEL Solutions LLC is a provider of cloud-based private capital data platform for data collection, analysis, and reporting automation.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 Entouch

Richardson, Texas, United States

Entouch is a provider of energy intelligence solutions to accurately assess and control energy consumption and expenditure. Entouch was founded in 2008 and is based in Richardson, Texas.

Buy -
Mergr

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