Deal Details
Sale to AMETEK, Inc.
Summary
Baird served as lead financial advisor to Telular Corporation on this transaction
About
Telular Corporation (“Telular” or the “Company”), a portfolio company of Avista Capital Partners (“Avista”), recently announced its sale to AMETEK, Inc. (“AMETEK”) (NYSE:AME) for approximately $525 million.Telular is a leading provider of software-enabled IoT solutions for logistics, tank monitoring and security applications. The Company’s end-to-end solutions include purpose-built hardware, proprietary software and wireless connectivity services to enhance the efficiency and safety of critical assets. Telular is headquartered in Chicago, Illinois.
Avista is a private equity firm that invests in leading companies to drive growth and build lasting value. Through its team of seasoned investment professionals and industry experts, Avista seeks to partner with exceptional management teams to invest in and add value to well-positioned businesses. Avista is headquartered in New York, New York.
AMETEK is a leading global manufacturer of electronic instruments and electromechanical devices with annualized sales of more than $4.8 billion. Telular joins AMETEK as part of its Electronic Instruments Group (EIG) - a leader in advanced analytical, monitoring, testing, calibrating and display instruments with annualized sales of $3.0 billion. AMETEK is headquartered in Berwyn, Pennsylvania.
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- Date
- November 2018
- Company
- Telular Corporation
- Transaction
- M&A
- Sectors
- Industrial
- Target Geography
- North America
- Acquiror Geography
- North America
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