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M&A Deal Summary

M2M Services Acquires Alula

On October 2, 2023, M2M Services acquired safety/security company Alula from ABS Capital Partners and Adams Street Partners

Acquisition Highlights
  • This is M2M Services’ 1st transaction in the Safety/Security sector.
  • This is M2M Services’ 1st transaction in the United States.
  • This is M2M Services’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2023-10-02
Target Alula
Sector Safety/Security
Buyer(s) M2M Services
Sellers(s) ABS Capital Partners
Adams Street Partners
Deal Type Merger

Target

Alula

St. Paul, Minnesota, United States
Alula is a security platform that delivers simplified security for independent security dealers and installers. Designed to reduce truck rolls, increase recurring monthly revenue (RMR), simplify inventory and put dealers in control of their business, their customers and their revenue, the Alula platform is available nationwide through distributors that cater to the alarm and integrator industry. Alula is based in St. Paul, Minnesota.

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Buyer(S) 1

Buyer

M2M Services

Sofia, Bulgaria
Category Company
Founded 2008
Sector Safety/Security
DESCRIPTION

M2M Services is a provider of universal alarm panel communicators, connectivity, and interactive services. The company creates simple, innovative and dependable technology that helps alarm companies bring smart security to every household and business around the world. M2M Services was founded in 2008 and is based in Sofia, Bulgaria.

DEAL STATS #
Overall 1 of 1
Sector: Safety/Security M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 2

SELLER

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $25 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.

DEAL STATS #
Overall 71 of 72
Sector: Safety/Security M&A 2 of 2
Type: Merger M&A Deals 2 of 2
State: Minnesota M&A 5 of 5
Country: United States M&A 70 of 71
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 M2M Services

Sofia, Bulgaria

M2M Services is a provider of universal alarm panel communicators, connectivity, and interactive services. The company creates simple, innovative and dependable technology that helps alarm companies bring smart security to every household and business around the world. M2M Services was founded in 2008 and is based in Sofia, Bulgaria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-31 Scale Computing

Indianapolis, Indiana, United States

Scale Computing provides edge computing, virtualization, and hyperconverged solutions. Its HC3 software eliminates traditional virtualization software, disaster recovery software, servers, and shared storage, replacing these with a fully integrated, highly available system for running applications. Scale Computing was founded in 2007 and is based in Indianapolis, Indiana.

Sell -
SELLER

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1972
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.

DEAL STATS #
Overall 97 of 101
Sector: Safety/Security M&A 1 of 1
Type: Merger M&A Deals 2 of 2
State: Minnesota M&A 2 of 2
Country: United States M&A 90 of 93
Year: 2023 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Qpex Biopharma

San Diego, California, United States

Qpex Biopharma is a biopharmaceutical company that develops multiple antibiotic drug that combats antimicrobial resistance. Qpex Biopharma is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Snow Software

Solna, Sweden

Snow Software is a provider of software asset management ("SAM") solutions. The company's products help both private and public sector organizations in managing their software spend. Snow's solutions further enable IT departments to free up valuable time through automating a number of time-consuming tasks and optimize returns on new software investments. Snow Software was founded in 1997 and is based in Solna, Sweden.

Sell -
Mergr

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