ADDvise Group AB Acquires Southern Life Systems, Inc.
November 24, 2021
ADDvise Group AB (publ) has completed the acquisition of all shares in Southern Life Systems, Inc. (SLS). The purchase price is approximately USD 11.0 million (USD 7.6m initial cash consideration plus potential earn-outs), financed with ADDvise's own funds; SLS reported about USD 11.56 million revenue and ~USD 1.68 million adjusted EBITDA for 2020.
- Buyers
- ADDvise Group AB
- Targets
- Southern Life Systems, Inc.
- Sellers
- Owners of Southern Life Systems, Inc.
- Industry
- Medical Devices
- Location
- Georgia, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.