Pavion Acquires Turnkey Technology, 12th Buy Since June 2020
The acquisition expands Pavion’s footprint in U.S. Midwest markets.
CHANTILLY, Va. –Pavion (formerly Corbett Technology Solutions, a.k.a. CTSI), the provider of integrated solutions for fire, safety, security and critical communications, has acquired Cincinnati-based Turnkey Technology. The acquisition continues Pavion’s expansion through the U.S. Midwest, bolstering its fire, security and integration capabilities in the geography. It marks the 12th acquisition for Pavion since partnering with Wind Point Partners in June 2020.
Founded in 2016, Turnkey delivers video surveillance, access control, fire alarm, structured cabling, networking and wireless solutions for enterprise, manufacturing, and K-12 customers.
“We launched our company to provide customers a single, turnkey source for enhanced fire, security and integration technology, installation and service,” says Eric Anevski, Turnkey’s founder. “The business was built with a simple get the job done right mentality, supported by outstanding employees that lead by example.”
The U.S. Midwest is an important and rapidly growing geography for Pavion, says Joe Oliveri, Pavion president and CEO: “It’s important that we enhance our resources to support strategic customers in this territory. Turnkey is a great business, aligned with our Connect and Protect portfolio strategy, which brings skilled employees and highly valued customers in a strategic market.”
“We’re really excited to bring Turnkey into the Pavion Security Business Unit,” adds Jim Muncey, president of the Pavion Security Business Unit. “We share a common belief that when employees and customers are treated well and properly supported, our business continues to thrive, and that’s what we do.”
Ely Friedman at VonLehman & Company served as the exclusive M&A advisor to Turnkey Technologies.
Officially launched in October 2022, Pavion now unites 13 legacy brands across its three business units: CTSI, DavEd Fire Systems, Collaborative Technology Solutions, The Protection Bureau, Star Asset Security, iON247, AFA Protective Systems, Structure Works, Enterprise Security Solutions, Systems Electronics, Firecom, Short Circuit Electronics and Turnkey Technology.
On its website, Pavion reports that it is “actively seeking acquisitions of businesses within the fire, security and integration spaces.”
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