Philadelphia, PA – January 18, 2011 – Fairmount Partners today announced that its client, InfoLogix, Inc. (OTCQB: IFLG), a leading provider of enterprise mobility solutions for the healthcare and commercial industries, has been acquired by Stanley Black & Decker, Inc. (NYSE: SWK), for $4.75 per common share in cash. In connection with the transaction, Fairmount acted as the primary financial advisor to InfoLogix and provided a fairness opinion to the Special Committee of the Board of Directors of InfoLogix. The total transaction value is approximately $61.2 million, including the assumption of debt.
InfoLogix will add an established provider of mobile workstations and asset tracking solutions to Stanley’s existing Healthcare Solutions growth platform.
“The acquisition of InfoLogix is consistent with Stanley Black & Decker’s portfolio diversification strategy and continues the expansion of one of our growth platforms, Stanley Healthcare Solutions,” said Brian Kaner, CFO and COO of Stanley Convergent Security/Healthcare Solutions. “Offering strategic technology consulting services will enable Stanley Healthcare Solutions to assist clients in improving workflow, productivity and profitability through complete enterprise mobility solutions. With a strong leadership team and talented employee base, we plan to leverage InfoLogix’s expertise in mobility solutions, clinical integration services, and mobile managed services in expanding our growing security and healthcare businesses.”
“By combining InfoLogix’s technologies, solutions and customer relationships together with Stanley’s suite of healthcare products and services, intellectual property and global presence, we will be uniquely positioned in the healthcare and mobility marketplaces,” said David Gulian, President and CEO of InfoLogix. “InfoLogix has enabled 2,200 healthcare and commercial organizations to make better decisions, mobilize their data investments, and manage their systems and supply chain. We look forward to joining with Stanley and driving accelerated growth while extending our services globally.”
Charles Robins, Managing Director and leader of the Fairmount transaction team, commented, “It has been a pleasure working with the management of InfoLogix for these past five years, advising them on strategic planning, capital-raising, four acquisitions and ultimately the sale to Stanley. We believe Stanley is well-positioned to leverage InfoLogix’s industry-leading position and assets in the healthcare mobility market.”
ABOUT STANLEY BLACK & DECKER, INC.
Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more. www.stanleyblackanddecker.com.
ABOUT INFOLOGIX, INC.
InfoLogix is a leading provider of enterprise mobility and advanced wireless asset tracking solutions for the healthcare and commercial industries. InfoLogix uses the industry’s most advanced technologies to increase the efficiency, accuracy, and transparency of complex business and clinical processes. With 19 issued patents, InfoLogix provides mobile managed solutions, on-demand software applications, mobile infrastructure products, and strategic consulting services to over 2,000 clients in North America. www.infologix.com.
Principals of Fairmount Partners acted as advisors to the Shareholders and Management of InfoLogix, Inc. in this transaction.
Contact: Charles M. Robins, Managing Director