Financial Advisor to Sensitech

Sensitech Client:
Sensitech, Inc. (Sensitech), a logistics-based information technology company that provides custom solutions designed to effectively manage the worldwide distribution and control of perishable and pharmaceutical products. These solutions allow companies to track their products in-storage, in-transit, and in-store. Named to the Deloitte and Touche Technology Fast 500 for three consecutive years and to the Inc. 500 in 1998 and 1999, the Company is one of the fastest growing technology companies in the U.S.


  • CEA represented Sensitech in arranging a total of $16.5 million of Series VI Convertible Preferred Stock. The financing was provided by a consortium of strategic and financial investors lead by Citizens Capital, Inc. Other investors include GE Equity, Landmark Co-Investment Partners, L.P., Penske Company LLC, an affiliate of Penske Corporation, and existing investors. A portion of the financing was used to acquire Ryan Instruments, L.P. of Redmond, WA, a pioneer in the in-transit food-monitoring industry.
  • CEA acted as sole financial advisor on both transactions.

CEA's Role:

  • Prepared marketing materials, detailed financial projections, and valuation analysis.
  • Negotiated financing term sheet and closing documents.
  • Evaluated strategic M&A alternatives for buy-side consolidating acquisition opportunities.
  • Provided buy-side M&A advice regarding the acquisition of Ryan Instruments, L.P.

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