#USA #Los Angeles #Aurora Capital #Anova #IIoT Solutions

Aurora Capital Partners Acquires Anova: A New Era in IIoT Solutions

On January 22, 2026, Aurora Capital Partners, a prominent player in middle-market private equity, announced its strategic acquisition of Anova, a leading provider of Industrial Internet of Things (IIoT) solutions. This significant move underscores Aurora's commitment to strengthening its portfolio within the industrial sector, focusing on innovative technology that facilitates the management of industrial assets.

The Essence of Anova's Offerings

Anova specializes in providing solutions that enable remote monitoring and management of industrial equipment across various industries, including industrial gases, propane, fuels, lubricants, and chemicals. Its breakthrough offerings encompass proprietary hardware, managed connectivity services, and a cloud-based software platform designed to optimize operations through advanced data analytics, forecasting, and scheduling functions. These tools are crucial for any business aiming to enhance productivity, reduce operational costs, and ensure equipment reliability.

Anova's robust system currently monitors over 1.8 million assets for more than 2,000 clients in over 80 countries, showcasing its expansive footprint in the IIoT landscape. This scale not only reflects the trust clients place in Anova's technology but also emphasizes the critical role the company plays in operational efficiency globally.

Statements from Leadership

Randy Moser, a Partner at Aurora, remarked, "Anova is a unique business that is critical to the performance of its customers' industrial assets. We see significant opportunities for growth as more customers adopt data-driven solutions to optimize their operations." This sentiment emphasizes the strategic foresight Aurora has regarding Anova’s future prospects within a rapidly evolving market.

Matthew Toone, the CEO of Anova, expressed enthusiasm for the acquisition, stating, "We are thrilled to partner with Aurora as we continue to build on the significant growth and momentum that our team has achieved over the last several years." He underscored that Aurora's expertise will accelerate product innovation and customer adoption while bolstering their international expansion efforts.

Future Growth Potential

Aurora Capital Partners is poised to leverage its experience within Anova's core markets to drive further growth. Bryant Yung, a Managing Director at Aurora, noted, "Our experience uniquely positions us to accelerate Anova's growth and support the development of additive acquisition strategies, which will broaden the company's reach in new markets and technologies."

This partnership comes at a critical juncture for Anova as industries increasingly shift towards data-centric solutions, making the need for advanced monitoring systems paramount. The acquisition highlights Aurora's strategic intent to invest in technologies that promise higher efficiency and operational insights in industrial settings.

About the Companies

Aurora Capital Partners is based in Los Angeles and boasts $6 billion in assets under management, focusing on building companies alongside exceptional management teams. Founded in 1991, it emphasizes platforms with leading market positions and actionable growth opportunities. Their acquisition of Anova aligns perfectly with their strategic vision of empowering technology-enabled businesses.

Anova, on the other hand, connects the industrial world by digitizing supply chains across several sectors. Its commitment to innovation in telemetry analytics and technology is evident in its services, which provide actionable insights on a myriad of assets through a universally dependable communication network.

Conclusion

The synergy between Aurora Capital Partners and Anova signifies a promising future for both entities, harnessing the power of IIoT to transform the industrial landscape. With their combined expertise and innovative solutions, they are well-positioned to meet the demands of an evolving global market. As industries embrace increased connectivity and smarter operational frameworks, the partnership heralds a new chapter in enhancing the efficiency and reliability of industrial asset management.