Buyout (LBO, MBO, MBI) • Test/Measurement Equipment

Renovo Capital Acquires Otodata Wireless Network

On January 4, 2021, private equity firm Renovo Capital acquired test/measurement equipment company Otodata Wireless Network

Acquisition Context
  • This is Renovo Capital’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is Renovo Capital’s 1st transaction in Canada.
  • This is Renovo Capital’s 1st transaction in Quebec.

Explore All 156 Buyout (LBO, MBO, MBI) Test/Measurement Equipment Deals - Search the Database Free


M&A Deal Summary

Date January 4, 2021
Target Otodata Wireless Network
Sector Test/Measurement Equipment
Buyer(s) Renovo Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Otodata Wireless Network

Montreal, Quebec, Canada
Otodata Wireless Network provides remote tank monitoring products and services to the residential and commercial propane space in the U.S. and Canada. Otodata also provides asset tracking and theft prevention devices for automobiles in Quebec under the Tag Tracking brand. Otodata Wireless Network was founded in 2010 and is based in Montreal, Quebec.
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Buyer Overview 1

Buyer

Renovo Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Renovo Capital is a private equity firm focused on partnering with business owners, entrepreneurs and management teams to invest in businesses undergoing varying degrees of operational, financial or market-driven change. Renovo Capital will consider opportunities throughout North America and looks to commit $10 to $50 million per transaction. Sectors of interest include niche manufacturing, business services, energy services, technology, and e-commerce. Renovo Capital was formed in 2009 and is based in Dallas, Texas.


Deal Context for Buyer #
Overall 13 of 15
Sector: Test/Measurement Equipment 2 of 2
Type: Buyout (LBO, MBO, MBI) 4 of 5
State: Quebec 1 of 1
Country: Canada 1 of 1
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 Unicon

Marshville, North Carolina, United States

Unicon is a provider of field services and logistics to poultry processing complexes across the Southeast, mid-Atlantic, and Midwest US. The Company provides harvesting (catching) services, collecting poultry from commercial barns and loading livestock onto trailers for transportation. Additionally, the Company provides hauling services to a select set of customers as well as litter treatment and pest control services to commercial poultry farmers within its service footprint. Unicon was the first live poultry contractor to automate its harvesting processes in the U.S. Unicon is based in Marshville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-20 Reynolds Lift Technologies

Stafford, Texas, United States

Reynolds Lift Technologies designs and manufactures cutting edge artificial lift equipment and specializes in permanent magnet motors for electric submersible pumps. The Company’s products are sold primarily to operators and oilfield service companies. Reynolds Lift Technologies is based in Stafford, Texas.

Buy -