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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...

Avista Capital Partners, cellular alarm communications, Joe Beatty, Shawn Welsh, Telguard, Telular Corp.