Backed by Stanley Black & Decker, the investment supports the company’s commitment to advancing security and safety with industry-leading screening technology.
Located in west-central Virginia, the Intelligent Security Integrations location will allow S3 to service clients throughout the western part of the state.
In 2019, Schneider Electric sold Pelco to Transom Capital Group, a Los Angeles-based private equity firm, for undisclosed terms.
The partnership will provide customers with integrated smart home technology to be offered in both DIY and professionally installed security offerings.
Berk-Tek’s 350 employees, as well as its facilities in Pennsylvania and North Carolina, are expected to move under Leviton ownership before the end of Q3.
SCS is a full-service provider of integrated security management systems specializing in complex electronic control systems.
PSSI, with revenues exceeding $16 million and 35 employees, is a leading provider of access control, digital video, optical turnstiles and intercom systems.
Terms of the transaction were not disclosed. The acquisition, representing about 1,500 Sonitrol customer accounts, officially closed July 6.
The rebranding follows a recapitalization by Arena Investors, which also acquired a majority stake in the smart home security provider.
Becklar CEO Josh Garner will retain a sizeable equity stake in the company following the transaction with BV Investment Partners.