Northlane Capital Partners acquires Smart Wave Technologies

Northlane Capital Partners has acquired Toronto based Smart Wave Technologies Corp. Financial terms were not disclosed. The transaction closed in December 2017. SmartWave founder Peter Zosimadis will remain as Chief Technology Officer.

Founded in 1994, SmartWave designs and manufactures electronic and electromechanical systems for products that require sensing, verifying, or dispensing in a broad range of end markets, including the away-from-home restroom market.

Bethesda, Maryland based Northlane Capital Partners invests in growing, highly-profitable middle market companies. It is currently investing from Northlane Capital Partners I, L.P., a US $1 billion fund raised in 2014.

photo credit: Smart Wave Technologies

Northlane Capital Partners Invests in SmartWave Technologies
January 03, 2018 12:29 PM Eastern Standard Time

BETHESDA, Md.–(BUSINESS WIRE)–Northlane Capital Partners (“NCP”) announced today that it has invested in Smart Wave Technologies Corp. (“SmartWave”), a market-leading designer and manufacturer of innovative electronic and electromechanical systems for a broad range of end markets, including the away-from-home restroom market. NCP invested alongside SmartWave founder Peter Zosimadis, who remains with the company as its Chief Technology Officer. Industry veteran Jack Vresics joined SmartWave as CEO at close. The NCP team previously invested in a successful business led by Vresics within the same core end market as SmartWave.

Founded in 1994 and headquartered in Toronto, SmartWave designs and manufactures components for products that require sensing, verifying, or dispensing on behalf of companies in the healthcare, hygiene, sanitary, plumbing supply and other end markets. SmartWave adds value to customers’ products by incorporating technology that improves the product functionality and enhances the end user experience.

“This transaction will provide SmartWave with significant resources to serve our existing customers and to expand into new end markets. Our new partners will provide capital and insight to support the company’s continued growth,” said Zosimadis.

Vresics added, “I am excited to partner with Northlane’s investment professionals again and to join SmartWave. I have long admired the company’s established track record for innovation and look forward to exploring the multiple avenues of growth ahead with Peter and the SmartWave team.”

David Steinglass, NCP Partner, noted, “This investment exemplifies NCP’s strategy. We are partnering with an experienced executive from our network to buy a company with a terrific history of innovation and customer service, enabling us to accelerate value creation.”

ABOUT NORTHLANE CAPITAL PARTNERS

Based in Bethesda, MD, Northlane Capital Partners is a private equity firm that invests in control buyouts of middle market companies based in North America. NCP focuses on three sectors: healthcare, outsourced business services, and industrial technology. NCP generally looks for platform companies with EBITDA of $5 million to $30 million. For more information, please visit http://www.northlanecapital.com.

Contacts
Northlane Capital Partners
David Steinglass, Partner
301-841-1360
or
Justin DuFour, Partner
301-841-1375
or
JJ Carbonell, Vice President
301-841-1420