Tag: Joe Beatty
Telular to be acquired by Avista Capital in $253 million deal
May 1, 2013Rich Miller
CHICAGO and NEW YORK—Telular Corp., which provides cellular alarm communications equipment through its Telguard division, announced on Monday that it is being acquired by Avista Capital Partners in a deal valued at $253 million.Avista, a New York-based private equity firm that focuses on energy, health care and communications companies, is assuming $18.5 million debt as part of the deal, according to a news release from both companies. Avista is paying $12.61 per share, a premium of 31 percent...