Thu Aug 10, 2017
Milwaukee, Wisconsin-based ARI Network Services has scheduled a special shareholders meeting to approve the proposed acquisition of the company by an affiliate of True Wind Capital Management, a San Francisco private equity firm focused on technology companies.
ARI provides software and marketing services used in a variety of industries including automotive tires, recreational vehicles, power sports, outdoor power equipment, marine and medical equipment.
Under terms of the agreement, ARI shareholders will receive $7.10 in cash for each share of ARI common stock they own. The deal, valued at $140 million, has been approved by the company’s board of directors, according to a story by the Journal Sentinel.