FFL Partners Announces the Sale of Ovarro to Indicor LLC
September 5, 2024 – FFL Partners (“FFL”), a private equity firm focused on growth investments, today announced that it has agreed to sell its investment in Ovarro, a leader in critical infrastructure technologies, to Indicor, LLC (“Indicor”), a leading diversified industrial company specializing in mission-critical technologies across various niche markets. This 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.
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. This success is a testament to the collaborative efforts of the management team and the strategic guidance provided by FFL.
Ovarro’s 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.
"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," said Greg Long, Partner at FFL Partners.
“Ovarro represents a significant addition to Indicor’s portfolio of niche industrial technologies. We are leaders in systems and analytics to manage critical assets including water and other key processes “said Doug Wright, CEO of Indicor. “This acquisition aligns perfectly with our strategy to enhance our technological capabilities and expand our reach in the water and environmental sectors.”
“Today is a significant milestone for Ovarro, becoming part of Indicor’s portfolio of innovative industrial technologies,” said David Frost, CEO of Ovarro. “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.”
About FFL Partners
FFL Partners is a leading middle-market private equity firm that has been investing in high-quality companies since 1997. Based in San Francisco, FFL is a hyperspecialized, thematic investor focused on targeted areas where the firm has deep expertise and broad networks. FFL employs a proprietary sourcing and value creation strategy called the Sector Exploration and Expertise Development (“SEED”) process. The firm aims to partner with exceptional management teams and employs a high-engagement approach to accelerate growth at its businesses. FFL currently has over $6 billion of cumulative capital commitments. For additional information, please visit www.fflpartners.com.
About Indicor
Indicor is a leading diversified industrial solutions company known for its market-leading businesses that deliver specialized, mission-critical solutions to niche markets. Indicor employs a disciplined, process-driven approach to capital deployment and value creation through its proprietary Indicor Business Excellence system (IBEX).
About Ovarro
Ovarro's technology is used throughout the world to monitor, control and manage critical and national infrastructure.
Our connected technology is always there, always on. Secure, proven, trusted; integrating seamlessly with our clients’ assets. Collecting and communicating data from some of the most remote locations and harshest environments on the planet. Enabling businesses to work smarter and more effectively.
Ovarro works with customers across water, oil & gas, broadcast and transportation to help monitor, control and manage their assets. For more information, please visit ovarro.com.