Digi International Inc. | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Back to transactions
Financial Advisor

Digi International Inc.

Value Not Disclosed 01/09/2017 Internet of Things Complete
Lead Bankers: Kurt Hoofnagle, Bryan Scanlon
Show Tombstone

Transaction Details

  • On January 9, 2017, Digi International, Inc. (“Digi”), announced the completion of its acquisition of SMART Temps, LLC (“SMART Temps”)
  • With its third strategic acquisition in 15 months, Digi has established itself as a clear leader in the cold chain industry with more than 10,000 locations under management
  • The acquired SMART Temps technology will continue to be supported, as well as leveraged within Digi’s existing products and services, to expand its advanced portfolio of products for the cold chain market
  • SMART Temps CEO John Miller and the SMART Temps employees will become part of the Digi Cold Chain Solutions team and will report to Digi COO Kevin Riley
  • Stephens Inc. served as exclusive financial advisor to Digi

About the company

Digi International, Inc.

Digi International (NASDAQ: DGII) is a leading global provider of business and mission-critical machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. They help their customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security, relentless reliability and bulletproof performance. Founded in 1985, they have helped their customers connect over 100 million things, and growing.


SMART Temps is a provider of real-time foodservice temperature management for restaurant, grocery, education and hospital settings as well as real-time temperature management for pharmacy, blood bank and laboratory environments.

Sources: Company documents and publicly available information.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from external sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. Such information is believed to be accurate on the date of issuance of the material. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.