Identiv says the acquisition will provide the company with a full range of technologies to deliver its vision for secure, pervasive yet frictionless premises security, situational awareness and business insights.
The 1,900-employee firm is the 7th acquisition for Allied Universal since AlliedBarton Security Services and Universal Services of America combined in 2016.
The transaction for undisclosed terms is said to enable Convergint to further its growth initiatives as a leading global independent systems integrator.
A Motorola spokesperson tells SSI the company plans to allow Avigilon to operate “business as usual,” plus hear from Motorola CEO Greg Brown and industry consultant Bob Grossman.
Motorola Solutions announced a definitive agreement to acquire Avigilon in an all-cash transaction.
The investment from Prospect Partners will support the system integrator’s internal growth and strategic plans for national expansion.
Align Capital Partners has recapitalized Louisville, Ky.-based International Systems of America from Gen Cap America.
Ring reportedly settles with ADT in Zonoff lawsuit for $25 million, plans to launch super-cheap “Ring Alarm” security system soon, adds Z-Wave sensors, acquires Mr. Beams.
The acquired companies are Diversified Protection Systems of Anaheim, Calif., and Miami-based ATCi Communications.
Capstone and Headwaters both specialize in the sale and purchase of middle-market companies in the $25 million to $200 million range.
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