CHESTER SPRINGS, Pa. — Systems integrator Unlimited Technology, backed by private equity firm Lee Equity Partners, has acquired Herndon, Va.-based Integrated Security Technologies (IST), a security integrator specializing in government, healthcare, education, data center and commercial sectors.
Terms of the transaction were not disclosed.
The combination of the two companies is viewed as a strong strategic fit, aligning with Unlimited Technology’s strategy to serve critical infrastructure end markets. IST’s management team, including CEO Alexander Oppenhimer, COO Michael Margolis, CSO Michael Ruddo and President Jon Langhorst, will continue to lead IST and will retain meaningful equity ownership in the business.
“This partnership expands our leadership position in the Eastern Seaboard and adds expertise serving the highly regulated Federal Government sector. We are excited to partner with IST’s team of highly trained, seasoned security experts who have successfully managed hundreds of complex, large-scale integrated security and IT projects throughout the United States,” says John Palumbo, CEO of Unlimited Technology.
IST provides integrated and logical access control, video surveillance, intrusion detection and safety incident and compliance tracking.
“Since our founding in 1997, IST has grown to become the largest independent systems integrator in the Washington, D.C. region. We evaluated many strategic options for the future of IST and are pleased to have selected Unlimited Technology as the best partner to advance our shared vision,” says Oppenhimer. “We look forward to partnering with John and the entire Unlimited Technology team to expand our combined client bases, geographic footprint, and service offerings.”
Sandra Jones and Co. acted as financial advisor to IST.
