CTSI Expands Southern Footprint With Systems Electronics Buy
The acquisition expands competencies for healthcare critical communications, fire and security into North Carolina and Southern Virginia.
CHANTILLY, Va. — Corbett Technology Solutions (CTSI), a portfolio company of Wind Point Partners, announces the acquisition of Systems Electronics, a communications, safety and security systems integrator providing turnkey design, installation, and support across healthcare, education and corporate clients.
Terms of the transaction were not disclosed.
Founded in 1970 and headquartered in Knightdale, N.C., Systems Electronics helps healthcare facilities improve patient care and financial performance through clinical workflow process improvement, nurse call integration, resource tracking, reporting and analytics. The company also delivers fire, security and other systems integration solutions across its customer base.
Headquartered in Chantilly, Va., CTSI designs, engineers, installs, maintains, and manages highly engineered fire, security, nurse call, audiovisual, collaboration, and communication systems. CTSI serves thousands of clients across the United States.
“While continuing to expand our critical communications and healthcare business, Systems Electronics further enhances our North Carolina presence and extends our Virginia support structure to include the Tidewater and Western regions of the state,” says Joe Oliveri, president and CEO of CTSI.
“We carefully assessed our opportunities to expand Systems Electronics and are very pleased with our decision to be a part of the CTSI team,” comments Mike Strickland, president of Systems Electronics. “Our businesses have so much in common — most importantly our culture and commitment to retaining the best employees in the industry, while delivering the best possible service to our customers.”
Systems Electronics represents the eighth acquisition for CTSI since partnering with Wind Point in 2020. CTSI’s acquisition strategy will continue to focus on acquiring leading life safety, fire, security, nurse call, collaboration, and communication solution providers with complementary employee-focused cultures and a trusted commitment to customers.
Bundy Group, an investment bank, acted as financial advisor to Systems Electronics in connection with the transaction.
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