M&A Deal Summary

ORBCOMM Acquires StarTrak Systems

On May 17, 2011, ORBCOMM acquired communications company StarTrak Systems from Alanco

Acquisition Highlights
  • This is ORBCOMM’s 1st transaction in the Communications sector.
  • This is ORBCOMM’s 1st transaction in the United States.
  • This is ORBCOMM’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2011-05-17
Target StarTrak Systems
Sector Communications
Buyer(s) ORBCOMM
Sellers(s) Alanco
Deal Type Divestiture
Advisor(s) Cronus Partners (Financial)

Target

StarTrak Systems

Morris Plains, New Jersey, United States
StarTrak Systems LLC Provides wireless technology and web-based software for controlling refrigerated transportation assets.

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Buyer(S) 1

Buyer

ORBCOMM

Sterling, Virginia, United States

Category Company
Founded 2001
Sector Communications
Employees786
Revenue 272M USD (2019)
DESCRIPTION

ORBCOMM is a wireless data communications company, provides machine-to-machine communication solutions. ORBCOMM was founded in 2001 and is based in Sterling, Virginia.


DEAL STATS #
Overall 1 of 11
Sector: Communications M&A 1 of 4
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 1 of 2
Country: United States M&A 1 of 7
Year: 2011 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-12 PAR Logistics Management Systems

New Hartford, New Hampshire, United States

Par Logistics Management Systems Corporation is a provider of tracking of visibility to mobile assets throughout North America.

Buy $6M

Seller(S) 1

SELLER

Alanco

Scottsdale, Arizona, United States

Category Company
Founded 1969
Sector Communications
Employees3
Revenue 1M USD (2016)
DESCRIPTION

Alanco provides wireless tracking and subscription data services as well as satellite, cellular, and RFID networks. Alanco was incorporated in 1969 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 1 of 1
Sector: Communications M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New Jersey M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1