Private equity firm FFL Partners announced that it has agreed to sell its investment in Ovarro, a leader in critical infrastructure technologies, to Indicor, LLC a leading diversified industrial company specializing in mission-critical technologies across various niche markets.
Private equity firm FFL Partners announced that it has agreed to sell its investment in Ovarro, a leader in critical infrastructure technologies, to Indicor, LLC a leading diversified industrial company specializing in mission-critical technologies across various niche markets.
Ovarro has been a part of FFL’s portfolio since 2019. Under FFL’s ownership, Ovarro has achieved growth organically and through acquisition, expanded its product offerings, and entered new markets.
Photo: Ovarro CEO David Frost
David Frost, CEO of Ovarro.said:
“This is a partnership that will propel us to new heights and open up incredible opportunities for growth. This partnership will allow us to leverage Indicor’s expertise, further driving innovation and value for our customers worldwide.
“Today is a significant milestone for Ovarro, becoming part of Indicor’s portfolio of innovative industrial technologies.”
Ovarro's technology is used throughout the world to monitor, control and manage critical and national infrastructure. Its suite of water management and process control solutions serves a global customer base, enhancing customers’ operational efficiency, data analytics, and sustainability. Ovarro’s offerings include sophisticated monitoring systems, data-driven insights, and integrated technology solutions that support the management of critical infrastructure.
Doug Wright, CEO of Indicor said:
"Ovarro represents a significant addition to Indicor’s portfolio of niche industrial technologies. They are leaders in systems and analytics used to manage critical assets including water and other key processes,“ said “This acquisition aligns seamlessly with our strategy to enhance our technological capabilities and expand our reach in the water and environmental sectors.”
Commenting on the deal, FFL said the strategic transaction marks a significant milestone in FFL’s commitment to delivering exceptional value and growth for its investors and portfolio companies. Financial terms of the private transaction were not disclosed.
Greg Long, Partner at FFL Partners added:
"We are proud of what Ovarro has accomplished during our partnership, and we are confident that Indicor is a great partner to lead Ovarro into its next phase of growth.”
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