Northleaf Capital Partners and AVALT acquired AMAROK, a provider of contracted perimeter security infrastructure solutions in the United States. Funds managed by Northleaf and AVALT together acquired a majority interest in AMAROK, with the company’s management team retaining a minority interest. Golub Capital provided debt financing for the transaction.
AMAROK installs, operates, monitors and maintains solar-powered electric fences and perimeter security solutions on commercial and industrial properties. The company operates approximately 5,000 installed sites under ongoing service and maintenance agreements.
“We are excited by the opportunity to work with Northleaf and AVALT. We know they support our vision to be the leading perimeter security provider in North America,” Mark Wesley, CEO of AMAROK, said. “Our business is focused on providing solutions that protect our customers’ assets and inventory by stopping crime before it happens. Northleaf and AVALT are the right long-term partners to help us scale our business and increase the number of properties we secure.”
“We are thrilled to partner with the management team at AMAROK and Northleaf to drive the next wave of growth,” Marko Kivisto, partner and co-founder of AVALT, said. “AMAROK’s security solutions are truly unique and valuable. The consistent performance of the company over many decades speaks to both the quality and durability of the business, the large opportunity to reinvest in the business to continue to drive growth and the exceptional leadership team. We couldn’t be more excited.”
“We’re delighted to partner with a world-class management team at AMAROK and AVALT to build upon the company’s market leadership position of providing customers essential and effective security solutions,” Jared Waldron, managing director at Northleaf Capital Partners, said. “AMAROK’s existing and diversified installed base underpins a resilient, long-term and contracted cash flow profile that is an excellent fit with our mid-market infrastructure strategy that focuses on stable businesses with strong downside protection.”
Financial terms of the transaction were not disclosed. Piper Sandler, Raymond James & Associates and Weil, Gotshal & Manges advised AMAROK on the transaction. Ropes & Gray and Alvarez & Marsal advised Northleaf and AVALT.
