Mill Point Capital has sold Avenu Insights & Analytics to Arlington Capital Partners
Avenu Insights & Analytics
Headquartered in Centreville, Virginia, Avenu Insights & Analytics provides integrated administrative software, revenue enhancement and payment solutions to state and local governments. The company’s core services include compliance solutions, permitting, licensing and digital transactions, payment processing, public administration software and managed services. Avenu employs more than 600 individuals and serves more than 4,000 customers across the U.S. and Canada.
The Deal
Lincoln International acted as the exclusive financial advisor to Avenu, working closely with Mill Point Capital and the management team throughout the transaction. Lincoln provided significant transaction advice and government technology (GovTech) expertise while closely managing all aspects of the process, including the preparatory, marketing, negotiation and due diligence phases of the transaction. Terms of the transaction were not disclosed.
Our Perspective
Scott Twibell, Lincoln International Managing Director who co-led the transaction, commented, “We’re happy to have partnered with the Avenu team and Mill Point on this impactful transaction. Avenu’s market-leading suite of software and services combined with Arlington Capital Partners’ long history of successful investment in the state and local government market will position Avenu for continued growth and success.”
Chris Gresh, Lincoln International Managing Director who co-led the transaction, added, “Avenu has established itself as the premier provider of mission-critical technology solutions to state and local governments, and we are very proud to have advised Mill Point and the management team on the sale of the company.”
Mill Point Capital
Mill Point is a private equity (PE) firm focused on value-oriented control investments in lower-middle market companies across the business services, industrials and information technology services sectors in North America. Mill Point’s experienced team of investors, executive partners and functional experts seeks to enhance the value of portfolio companies by executing transformative strategic initiatives and operational improvements. Mill Point is based in New York. For more information, please visit www.millpoint.com.
Arlington Capital Partners
Arlington is a Washington, D.C.-based PE firm that has managed approximately $7 billion in capital commitments. Arlington is focused on middle market investment opportunities in growth industries including government services and technology, aerospace and defense, healthcare, business services and software. The firm’s professionals and network have a unique combination of operating and PE experience that enable Arlington to be a value-added investor. Arlington invests in companies in partnership with high-quality management teams that are motivated to establish and / or advance their company’s position as leading competitors in their field. For more information, please visit www.arlingtoncap.com.
Selecting Lincoln as our go-to market partner was key to the successful sale of Avenu. Lincoln’s exceptional knowledge of the GovTech ecosystem and expertise in articulating Avenu’s vision and growth drivers was instrumental in the success of our transaction.
Meet our Senior Team
I believe that open dialogue, thoughtful advice and dedicated execution are the keys to driving client success and forging lasting relationships.
Scott Twibell
Managing Director & Global Co-head, Technology
New York
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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.