Brazos Private Equity Partners LLC, a Dallas-based private investment firm, announces it has acquired Tri-Ed Distribution and Northern Video Systems Inc. Terms of the deals were not disclosed.
The two companies will be combined and operate as Tri-Northern Security Distribution Inc., led by Steve Roth, who has served as president and CEO of Tri-Ed since 2005.
The combined company will become one of the two largest distributors of electronic security systems and products in North America. The acquisitions are being made from Brazos Equity Fund III, which closed in September 2008 with capital commitments totaling more than $700 million, according to the firm.
In a prepared statement, Randall Fojtasek, a co-founder of Brazos, said: “These transactions represent an opportunity to create a leading distribution company serving the large and growing North American electronic security market. Tri-Ed and Northern are already well-established leaders in their niches, and we look forward to working closely with the management team of the combined company as they build upon each unit’s respective strengths to deliver additional value for customers, employees, suppliers and other stakeholders.”
The combination of Northern, based in Rocklin, Calif., and Tri-Ed, based in Woodbury, N.Y., brings together two of the largest entities in security distribution with a combined 41 sales offices in the U.S. and Canada.
“We firmly believe that this new entity will provide a more significant distribution solution for the security industry,” Roth said in a prepared statement. “The synergies and scale of the Tri-Ed and Northern combination are substantial, and together they will provide an ever-increasing value proposition to our customers and suppliers.”
Mark Haney, president and CEO of Northern, said the combined companies will be better positioned to support dealer customers, “but also assist with their growth into new product areas and technologies long into the future.”
Tri-Ed and Northern will retain their organizational identity, company locations and executive leadership. The senior management at both organizations will assume leadership roles as well as equity positions in the new entity.
Imperial Capital initiated the transaction and served as exclusive financial advisor to Tri-Ed, as well as serving as a financial advisor to Northern Video Systems.
Other Recent News
May 21, 2012
The Hard Rock Hotel and Casino Albuquerque has selected Surveillance Systems Integration (SSI) to migrate the hotel’s analog security system to IP video.
May 15, 2012
According to the 2012 edition of “The World Market for CCTV & Video Surveillance Equipment” report from IMS Research, Axis Communications has overtaken the No. 1 global manufacturer position for all surveillance cameras, including IP-based and analog providers.
April 18, 2012
Mobotix, a provider of high-resolution video systems, has launched a new international channel network program to offer certified partners a range of benefits.
April 18, 2012
Axis Communications recently hosted a grand opening for its new North American headquarters, which included a private cocktail event for local partners in the state-of-the-art Axis Experience Center.
April 10, 2012
IP security solutions provider Genetec has named SecureWatch24 (SW24), a provider of installation, guard and other security services, as a Genetec Resource Partner for the northeast United States.