M&A Deal Summary

Telular Acquires SkyBitz

On February 1, 2012, Telular acquired information technology company SkyBitz from Highstar Capital and Inverness Graham Investments for 42M USD

Acquisition Highlights
  • This is Telular’s 1st transaction in the Information Technology sector.
  • This is Telular’s largest (disclosed) transaction.
  • This is Telular’s 2nd transaction in the United States.
  • This is Telular’s 1st transaction in Virginia.

M&A Deal Summary

Date 2012-02-01
Target SkyBitz
Sector Information Technology
Buyer(s) Telular
Sellers(s) Highstar Capital
Inverness Graham Investments
Deal Type Add-on Acquisition
Deal Value 42M USD

Target

SkyBitz

Sterling, Virginia, United States
SkyBitz (formerly Eagle Eye Technologies) is a leader in global remote asset management solutions, providing real-time information on the location and status of assets. More than 700 enterprises rely on SkyBitz technology to achieve total asset visibility, improved security, lower operating and capital expenses, and enhanced customer service. SkyBitz delivers its solution via SkyBitz Insight, a secure web-based application that is fully customizable and requires no software downloads.

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Buyer(S) 1

Buyer

Telular

Chicago, Illinois, United States

Category Company
Founded 1986
Sector Information Technology
Revenue 165M USD (2018)
DESCRIPTION

Telular Corp. provides remote monitoring and asset tracking solutions for business and residential customers, enabling security systems and industrial applications to exchange actionable information wirelessly, typically through cellular and satellite technology.


DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 SupplyNet Communications

Schaumburg, Illinois, United States

SupplyNet, is supply chain solutions provider of remote inventory monitoring services. SupplyNet solutions are easily installed and are predominantly battery operated and cellular – eliminating end user infrastructure dependencies. SupplyNet solutions are used by suppliers of bulk materials such as Cargill and BASF to extend vendor managed inventory (VMI) services to their customers. SupplyNet was just awarded the M2M gold Value Chain Award as an enabler for Siemens Water Technologies.

Buy $3M

Seller(S) 2

SELLER

Highstar Capital

New York, New York, United States

Category Private Equity Firm
Founded 2000
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Highstar Capital is a private equity fund focused on investments in infrastructure related companies and assets. Highstar specifically targets businesses that deal in energy, transportation, waste management and water. The Firm will consider opportunities throughout North America and Europe. Highstar Capital was formerly known as AIG Highstar Capital. The Firm was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 7 of 12
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (Virginia) 1 of 1
Country (United States) 7 of 11
Year (2012) 1 of 3
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 Star West Generation

Houston, Texas, United States

Star West Generation LLC is an innovative independent power producer focused on clean, reliable, and efficient power generation serving North American markets. We were established in 2011 with the strategic acquisition of our two anchor assets located in the Desert Southwest: the Arlington Valley and Griffith Energy facilities. These facilities employ efficient, state-of-the-art power generation and heat recovery technologies to produce up to 1,147 megawatts of electricity from clean burning natural gas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-27 Caiman Energy

Dallas, Texas, United States

Caiman Energy is an independent midstream energy company that provides the infrastructure and services necessary to move natural gas products from the wellhead to market.

Sell $2.5B
SELLER

Inverness Graham Investments

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inverness Graham Investments is the private equity arm of The Graham Group. The Firm looks to make controlling investments in lower mid-market companies throughout the US. Inverness targets capital-efficient businesses with strong/sustainable cash flow, differentiated products, and operating in growing markets. The Firm seeks to commit $20 to $80 million in companies valued up to $75 million. Sectors of interest include aerospace/defense, biotech/pharmaceuticals, building materials, business services, consumer services, packaging, industrial equipment/components, electronic equipment, food/beverages, medical devices/supplies, energy & power products/services, specialty chemicals, and technology hardware. Prospective transaction situations include buyouts, growth capital financings, recapitalizations, consolidations, and divestitures. Inverness Graham Investments was formed in 2003 and is based in Philadelphia. The Firm has an additional office in Los Angeles.


DEAL STATS #
Overall 3 of 17
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 9
State (Virginia) 1 of 1
Country (United States) 3 of 17
Year (2012) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-20 Nobles Worldwide

St. Croix Falls, Wisconsin, United States

Nobles Worldwide, Inc. is the largest supplier of ammunition feed systems to all branches of the U.S. military and its allies. Nobles are recognized globally for their superior durability products, cutting-edge designs, and rigorous quality assurance. Nobles Worldwide offer lighter, stronger and more flexible materials used in ammunition chutes, magazines, gun mounts, and weapon stations. Nobles are based in St. Croix Falls, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-13 DataSource

Kansas City, Missouri, United States

DataSource, Inc. is a technology-enabled Business Process Outsourcing (“BPO”) solutions provider of print supply and marketing services for industry-leading brands in the restaurant/hospitality and retail market segments. DataSource provides the expertise, services, technology, and products to help companies precisely execute and manage their branded programs through end-to-end brand management solution. DataSource was founded in 1989 and is based in Kansas City, Missouri.

Buy -