Aurora Capital Partners acquires Anova

● PLATFORM | INDUSTRIAL/MANUFACTURING · IIoT & Connected Assets

JANUARY 26, 2026

Aurora acquires Anova (FFL Partners)

TARGET

Anova delivers IIoT wireless sensors and cloud software to remotely monitor tank levels, pressure, and temperature for industrial gas, propane, fuels, and chemicals distributors.

Ownership	PE-backed · FFL Partners (prior owner); FFL Partners
Capital raised	$59.1M
Headcount	395 FTEs
Headquarters	New Providence, New Jersey
Leadership	Matthew Toone, CEO
Sell-side advisor	Baird

ACQUIRER

Aurora

Private equity firm with experience scaling technology-enabled industrial businesses.

Deal team	Randy Moser (Aurora Capital Partners) Bryant Yung (Aurora Capital Partners)
Buy-side advisor	Houlihan Lokey

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Aurora Capital Partners -> Anova  (2026-09-18)
buyout | Industrial/Manufacturing | announced
Target: Anova delivers IIoT wireless sensors and cloud software to remotely monitor tank levels, pressure, and temperature for industrial gas, propane, fuels, and chemicals distributors.
Website: anova.com | Buyer site: auroracap.com
HQ: New Providence, New Jersey | Ownership: pe-backed | Seller: FFL Partners
Advisors - Sell-side: Baird; Buy-side: Houlihan Lokey
Source: Thematic - https://thematichq.com/software/d/aurora-capital-partners-anova.html

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