FFL Partners taps Baird for Anova sale process

FFL Partners is working with financial advisor Baird on a sale process for Anova, a remote asset monitoring solutions group, according to two sources familiar with the situation.

First round bids were due this week for the New Providence, New Jersey-based company, which has EBITDA of more than USD 30m, the sources said.

Financial groups are looking at the company, the sources said, adding that infrastructure funds would be logical suitors.