NSI says the Platinum Tools product portfolio will add immediate category depth to its electrical solutions.
Huron Capital formed Sciens in 2016 to pursue a buy-and-build investment strategy in the fire detection and integrated solutions sector.
The acquisition adds to Convergint’s expanding presence in the Carolinas, with expertise within the government, healthcare and retail security fields.
The purchase will result in 7,500 new customers for Doyle Security, representing the largest acquisition in the company’s 100-year history.
Although ConnectWise did not disclose terms of the transaction, the company did confirm $270 million from the sale will go to employee shareholders.
The acquired company, Security Specialists, has served the Midlands of South Carolina since 1976.
Although the acquisition is not expected to move the revenue needle in the short term, industry insiders say ADT is wise to broaden its DIY portfolio.
Former Sure Security Owner Bob Colletti comments, “I’m happy to see our companies come together under the Alert Protective Services brand.”
Along with the recent acquisitions of Aeryon Labs and Prox Dynamics, FLIR has significantly expanded its unmanned systems capabilities.
ADT hopes the addition of LifeShield’s technology will enhance its ability to reach U.S. households that don’t have professionally installed and monitored home security.