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Nova Analytics


Nova Analytics: Building Value Through Accelerated Acquisitions
Sector: Industrial Technologies
Stage: Buyout
Location: Woburn, MA
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Situation

  • —Identified fragmented markets within the Industrial Technologies space with stable businesses but inefficient operations
  • —Sourced and made original platform acquisition of WTW, a highly profitable worldwide supplier and manufacturer of electrochemistry products
  • —Backed an experienced management team and set up Nova Holdings as parent company of two divisions:  Nova Analytics and Nova Technologies.  Nova Analytics would serve as a roll-up platform in the electrochemistry products market

The Battery Difference

  • —Helped craft financial leverage strategy, became an extended resource for management team in analyzing new business opportunities, and set aggressive tone at the board level to support ambitious growth plans
  • Completed 8 additional acquisitions of leading brands worldwide, realizing dramatic operating efficiencies by implementing best-practice manufacturing processes, eliminating redundant overhead, and leveraging fixed-cost base
  • Actively assisted management in identifying and executing on acquisition targets

Results

  • —Grew the business from $30M of revenue to $140M of revenue over a 7 year period
  • —Acquired by ITT Water — now known as Xylem — generating a 10X gross return
  • —Xylem was spun out of ITT and became an independent public company (ticker: XYL), with Nova Analytics as a core segment of the business