Nova Analytics: Building Value Through Accelerated Acquisitions

Spotlight

Nova Analytics

Nova Analytics Sector: Industrial Technologies
Stage: Buyout
Location: Woburn, MA

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

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

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