North American Video (NAV), a security systems integrator, has been acquired by the Halifax Group, a private equity firm. Terms of the deal were not disclosed.
Cynthia Freschi, NAV founder and CEO, will retain a significant stake in the company and continue to serve with the existing senior management team.
“Our partnership with Halifax will accelerate North American Video’s continued growth and expansion into new security markets while providing enhanced services and support for both existing and new clientele,” Freschi says.
NAV’s personnel and on-going operations will not be affected by the transaction.
“We are pleased to be partnering with a management team that has built such a successful enterprise,” says Jud Hill, managing director, Halifax. “Halifax views NAV as a unique investment, not only because of the intrinsic potential in NAV’s current lines of business in the gaming industry, but also, because of the growth opportunities in new markets that include homeland security, education and financial services. Working closely with Cynthia Freschi and her management team, we look forward to implementing an exciting plan for continued growth.”
