Avista Capital Partners has completed the acquisition of Telular Corporation.
Avista Capital Partners announced the completion of its tender offer for all outstanding shares of Telular common stock.
Joe Beatty has stepped down as chief executive officer of Telular in connection with the closing. Avista Capital Partners Industry Executive Allen Yurko will act as interim CEO while the Board of Directors conducts a search for a permanent successor and will serve as Chairman thereafter.
Avista Capital Partners is a leading private equity firm with over $5bn under management and offices in New York, Houston and London. Founded in 2005, Avista’s strategy is to make controlling or influential minority investments in growth-oriented energy, healthcare, communications & media, industrials, and consumer businesses.
