Houlihan Lokey Advises Avtec

Houlihan Lokey is pleased to announce that Avtec Inc. has been acquired by Motorola Solutions (NYSE:MSI). The transaction closed on March 11, 2019.

Founded in 1979 and based in Lexington, South Carolina, Avtec provides a leading communication software platform for Voice over Internet Protocol (VoIP) communications with land mobile radio (LMR) and broadband networks. Avtec ensures day-to-day mission-critical operations and orchestration within highly complex, distributed command-and-control and dispatched environments. Enterprise customers with distributed operations requiring failproof communication with their field/mobile workers rely upon Avtec's Scout software platform for public safety dispatch to first responders, air-to-ground operations, mobile field-service maintenance, utility transmission distribution centers, and campus safety. Avtec assures efficient responses during the most critical and difficult emergency events and business incidents, allowing their customers to remain productive while avoiding costly interruptions. Avtec's enviable customer base includes more than 100 of Fortune 500 customers across a range of verticals, including transportation (airline, rail, freight and logistics)—with 80% of U.S. airlines and 80% of Class I U.S. railroads—40% of Tier 1 investor-owned energy/utilities market, hundreds of public safety municipalities, government agencies and national parks, stadiums and venues, pharmaceutical, healthcare, manufacturing, and technology.

Motorola Solutions is a global leader in mission-critical communications. The company's technology platforms in communications, software, video, and services make cities safer and help communities and businesses thrive. Motorola is a market leader in the U.S public safety and security market and commands a formidable market share of large and mid-size public safety agencies across the country.

Avtec will solidify Motorola's public safety and commercial portfolios, allowing the combined entity to offer an end-to-end platform for customers to orchestrate and coordinate communications across all networks including LMR, LTE, and Push to Talk (PTT), helping coordinate resources and secure their facilities and campuses.

Houlihan Lokey served as the exclusive financial advisor to Avtec. This transaction extends Houlihan Lokey’s advisory track record in communications software, unified communications as a service (UCaaS), and customer engagement following the recent sales of ForeSee Results, Inc., to Verint Systems, Inc., Broadview Networks, Inc., to Windstream Holdings, LLC, and Calabrio, Inc., to KKR. 

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