M&A Deal Summary

LogicMark Acquires LogicMark

On May 18, 2016, LogicMark acquired technology hardware company LogicMark from Promus Equity Partners and Generation 3 Capital for 20M USD

Acquisition Highlights
  • This is LogicMark’s 1st transaction in the Technology Hardware sector.
  • This is LogicMark’s largest (disclosed) transaction.
  • This is LogicMark’s 1st transaction in the United States.
  • This is LogicMark’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2016-05-18
Target LogicMark
Sector Technology Hardware
Buyer(s) LogicMark
Sellers(s) Promus Equity Partners
Generation 3 Capital
Deal Type Add-on Acquisition
Deal Value 20M USD
Advisor(s) Livingstone Partners LLP (Financial)

Target

LogicMark

Louisville, Kentucky, United States
LogicMark LLC is a provider of unmonitored personal emergency response devices.

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Buyer(S) 1

Buyer

LogicMark

Oxford, Florida, United States
Category Company
Founded 2011
Sector Technology Hardware
Employees26
Revenue 10M USD (2023)
DESCRIPTION

LogicMark is an emerging growth technology company that is focused on products, solutions, and services for security on mobile devices. LogicMark was founded in 2011 and is based in Oxford, Connecticut.

DEAL STATS #
Overall 1 of 2
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Kentucky) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 FitPay

San Francisco, California, United States

FitPay, Inc. is a provider of payment, credential management, and authentication platform services. FitPay, Inc. was founded in 2014 and is based in San Francisco, California.

Buy -

Seller(S) 2

SELLER

Promus Equity Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Promus Equity Partners is a private investment firm affiliated with Promus Holdings, a multi-family office. Promus looks to fund buyouts, management buyouts, and recapitalizations as well as growth equity financings and strategic add-ons for existing portfolio companies. Sectors of interest include consumer products, food, beverages, industrial products, specialty materials, distribution, and business services. Target platform companies generally have up to $15 million of EBITDA. Promus Equity Partners was founded in 2011 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 7
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Kentucky) 1 of 1
Country (United States) 1 of 7
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 ADI American Distributors

Randolph, New Jersey, United States

ADI American Distributors is a distributor and value-added assembler of electrical components and systems primarily for the global aerospace industry. With an extensive network of worldwide suppliers. ADI American Distributors was founded in 1983 and is based in Randolph, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-07 Kith Kitchens

Haleyville, Alabama, United States

Kith Kitchens is a manufacturer of semi-custom framed and frameless kitchen and bath cabinetry under the Kith and Eudora brand names. Kith Kitchens is based in Haleyville, Alabama.

Buy -
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 1 of 2
Sector (Technology Hardware) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Kentucky) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-30 LogicMark

Louisville, Kentucky, United States

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-06 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.

Sell -
Mergr

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