Arlington Capital Partners (Arlington), a Washington, DC-based private equity firm, has acquired Avenu Insights & Analytics (Avenu), a provider of integrated administrative, revenue enhancement and payment software and solutions to state and local governments, from Mill Point Capital.
Arlington is focused on middle market investment opportunities in growth industries including government services and technology, aerospace & defence, healthcare, and business services and software with approximately $7bn in capital investments.
Avenu provides software solutions that help the government recover revenue and manage day-to-day operations and administration. The Company’s product suite includes compliance solutions, permitting, licensing and digital transactions, payment processing, public administration software and managed services. Avenu employs over 600 individuals and serves more than 4,000 customers in North America.
Further financial details of the deal have not been disclosed.
