![]() ![]() ![]() Related: ADT CEO Tim Whall to Retire Nov. In recent years, Red Hawk has demonstrated double-digit revenue growth across a diverse set of customers, markets and geographies, leveraging its strong local presence backed by its nationwide footprint and differentiated fire and security expertise, according to a press release. ![]() Red Hawk offers mission-critical solutions across its 45 district locations and is expected to generate approximately $300 million of revenues in 2018. This deal follows the purchases of Acme Security Systems and Aronson Security Group earlier this year in an effort to drive commercial growth.ĪDT says revenues from the combined company’s business customers are expected to represent approximately 25% of total revenue. The transaction accelerates ADT’s growth in the commercial security market and expands the company’s product portfolio with the introduction of commercial fire safety related solutions, according to the company. ADT (NYSE: ADT) announces it has has entered into a definitive agreement to acquire Boca Raton, Fla.-based Red Hawk Fire & Security, a leader in commercial fire, life safety and security services and portfolio company of Comvest Partners, for $317.5 million in cash. ![]()
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