IT Services | Milwaukee, WI | Public-to-Private Buyout
True Wind Capital has completed its previously announced purchase of ARI Network Services for $7.10 per share, representing an enterprise value of about $140 million. ARI provides SaaS, software tools and marketing services to dealers, equipment manufacturers and distributors in an array of sectors. The sale marks a 33% premium to the company's average closing price for the 60 trading days prior to the deal's announcement. ARI has ceased trading on the NASDAQ.