Advanced Metering Data Systems acquired for $45.4 Million
June 2006 – England & Company served as the financial advisor to Advanced Metering Data Systems, LLC (“AMDS”), a New Orleans-based company that developed radio frequency-based meter reading services, in their acquisition by Sensus Metering Systems, Inc. (“Sensus”), a provider of high-value metering and AMR solutions for water, gas, electricity, and heat utilities.
AMDS founder and CEO Britton Sanderford, who will take on the newly created position of Chief Technology Officer for Sensus, said, “This is a great event for AMDS. Having worked with the Sensus team over the past couple of years ensures me that this is the right direction for AMDS. The acquisition by Sensus Metering Systems will put the AMDS AMI technology and its team of talented managers and engineers under the direction of a strong business that has a long history and deep experience in the AMR and utility metering markets.”