Announced
Completed
Synopsis
Arlington Capital Partners, a private equity firm, completed the acquisition of Avenu Insights & Analytics, a provider of analytics and administrative solutions, from Mill Point Capital, a private equity firm. Financial terms were not disclosed. “Avenu offers an attractive platform from which to build upon given their robust product offering and strong leadership position in the highly fragmented state and local government markets. The Company’s software maximizes revenue without raising taxes, simplifies government processes and meaningfully reduces costs, while providing greater transparency and an improved experience for citizens. We are excited to partner with Paul Colangelo and the broader Avenu leadership team as we further invest in and grow the business,” Michael Lustbader, Arlington Capital Managing Partner.
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