Neil W. Townsend~~Philip Coletto~~Thomas A. Spencer
January 24, 2026
Willkie Advises FFL Partners on Sale of Ovarro to Indicor

1 min
AI-made summary
- FFL Partners has agreed to sell its investment in Ovarro, a company specializing in critical infrastructure technologies, to Indicor, LLC, a diversified industrial firm
- The sale follows Ovarro’s growth, expanded product offerings, and entry into new markets under FFL’s ownership
- Ovarro provides water management and process control solutions to a global customer base
- The transaction is pending required regulatory approvals
- Willkie advised FFL Partners, with a team led by Neil Townsend, Philip Coletto, and Thomas Spencer.
Willkie represented FFL Partners in the sale of its investment in Ovarro, a leader in critical infrastructure technologies, to Indicor, LLC, a leading diversified industrial company specializing in mission-critical technologies across various niche markets.
On September 5, FFL announced that it agreed to sell Ovarro to Indicor, having successfully grown the company, expanded its product offerings, and entered new markets. Ovarro’s suite of water management and process control solutions serves a global customer base, enhancing customers’ operational efficiency, data analytics, and sustainability. The transaction is subject to required regulatory approvals.
FFL Partners is a leading middle-market private equity firm that has been investing in high-quality companies since 1997.
The Willkie team was led by partners Neil Townsend, Philip Coletto and Thomas Spencer.
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Neil W. Townsend~~Philip Coletto~~Thomas A. Spencer
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