FFL Partners (“FFL”), a private equity firm focused on growth investments, has 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.
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.
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. They are leaders in systems and analytics used to manage critical assets including water and other key processes,“ said Doug Wright, CEO of Indicor. “This acquisition aligns seamlessly 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.”
