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Abry Partners Announces Sale of Sentry Data Systems For $400 MillionBOSTON, June 8, 2021 /PRNewswire/ -- Abry Partners, a leading Boston-based private equity firm, announced today that it has entered into a definitive agreement to sell Sentry Data Systems, Inc., the nation's leader in pharmacy procurement, compliance and utilization management, to Craneware plc (AIM: CRW.L), a market leader in Value Cycle solutions for the U.S. healthcare market for $400 million. Sentry Data Systems, Inc., headquartered in Deerfield Beach, Florida, is a leading provider of SaaS solutions which simplify the complexity of pharmacy procurement, utilisation and 340B regulatory compliance in order to maximise cost savings, improve patient outcomes and ensure precise regulatory compliance. Sentry also provides business intelligence and SaaS analytics solutions and consulting services. Visit sentryds.com. Brent Stone, Partner at Abry Partners, said, "Since our acquisition in 2015 we have worked with CEO Travis Leonardi to grow the company and continue to innovate in the 340B industry, which today serves a customer base of more than 10,000 hospitals, pharmacies and clinics. We want to thank Travis and the entire Sentry team for their partnership and dedication and believe strongly that tis is a compelling combination for all stakeholders." T.J. Rose, Partner at Abry Partners, said, "We have been proud to support Travis and the Sentry team in continuing their history of innovation and leadership within the sector. We are excited to watch their continued success as they are further empowered by Craneware." Travis Leonardi, RPh, CEO at Sentry Data Systems said, "It's been a privilege to work with ABRY these past six years. Sentry looks forward to continuing to innovate and grow with its new partnership with Craneware." The transaction is subject to customary closing conditions and is expected to close over the next month. Piper Sandler served as financial advisor to Abry and DLA Piper provided legal counsel. About Sentry Data Systems, Inc. About Abry Partners Media Contact:
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