Investment Summary

Waveland Investments and Generation 3 Capital Exits Fluidmesh Networks

On April 6, 2020, Cisco Systems invested in technology hardware company Fluidmesh Networks from Waveland Investments and Generation 3 Capital

Investment Highlights
  • This is Cisco Systems’ 40th transaction in the Technology Hardware sector.
  • This is Cisco Systems’ 181st transaction in the United States.
  • This is Cisco Systems’ 5th transaction in New York.

Investment Summary

Date 2020-04-06
Target Fluidmesh Networks
Sector Technology Hardware
Investor(s) Cisco Systems
Sellers(s) Waveland Investments
Generation 3 Capital
Deal Type Add-on Acquisition

Target

Fluidmesh Networks

Brooklyn, New York, United States
Fluidmesh Networks is a designer and manufacturer of point-to-point, point-to-multipoint and meshes wireless radio products for security, video surveillance, condition monitoring and/or high-bandwidth data transmission applications in outdoor environments. Fluidmesh Networks was founded in 2005 and is based in Brooklyn, New York.

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Investor(S) 1

Investor

Cisco Systems

San Jose, California, United States

Category Company
Founded 1984
Sector Technology Hardware
Employees90,400
Revenue 53.8B USD (2024)
DESCRIPTION
Entrance to Cisco's corporate campus in San Jose, California.
Entrance to Cisco's corporate campus in San Jose, California.

Cisco Systems designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provides services associated with these products and their use. Cisco provides a broad line of products for transporting data, voice, and video within buildings, across campuses, and around the world. The Company's products are designed to transform how people connect, communicate, and collaborate, and are installed at enterprise businesses, public institutions, telecommunications companies and other service providers, commercial businesses, and personal residences. Cisco was founded in 1984 and is based in San Jose, California.


DEAL STATS #
Overall 212 of 223
Sector: Technology Hardware M&A 40 of 40
Type: Add-on Acquisition M&A Deals 204 of 215
State: New York M&A 5 of 7
Country: United States M&A 181 of 189
Year: 2020 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-26 CloudCherry

Salt Lake City, Utah, United States

CloudCherry is a Customer Experience Management (CEM) company that provides customer journey mapping, out-of-the-box integrations, and predictive analytics. Predictive analytics help contact center agents make real-time journey modifications such as up and cross-selling, discounts, service modifications and more, to meet customer needs and improve loyalty. CloudCherry was founded in 2014 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-28 ThousandEyes

San Francisco, California, United States

ThousandEyes, Inc. provides Internet intelligence shared through connected applications. ThousandEyes was founded in 2010 and is based in San Francisco, California.

Buy -

Seller(S) 2

SELLER

Waveland Investments

Highland Park, Illinois, United States

Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Waveland Investments LLC is a private investment firm focused on lower middle market companies operating in the manufacturing, distribution or service sectors. Waveland pursues companies with revenues of at least $10 million and EBITDA of $1 to $8 million. The Firm primarily seeks buyouts of healthy businesses, but will consider select turnaround situations. Waveland Investments LLC is based in Chicago, Illinois.


DEAL STATS #
Overall 7 of 7
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: New York M&A 2 of 2
Country: United States M&A 7 of 7
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Justice Design Group

Los Angeles, California, United States

Justice Design Group, Inc. is a designer, manufacturer, and importer of decorative residential, hospitality, and commercial lighting. Justice Design Group was founded in 1985 and is based in Los Angeles, California.

Sell -
SELLER

Generation 3 Capital

Northbrook, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Generation3 Capital is a Midwest US-based private equity firm focused on recapitalizations, buyouts and growth capital investments in companies operating in the security, automatic identification and data capture and collection (AIDC), life safety, custom electronics, and sensing/control industries. Generation3 Capital is based in Buffalo Grove, Illinois.


DEAL STATS #
Overall 2 of 2
Sector: Technology Hardware M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-18 LogicMark

Louisville, Kentucky, United States

LogicMark LLC is a provider of unmonitored personal emergency response devices.

Sell $20M