M&A Deal Summary

ADT Acquires Red Hawk Fire & Security

On October 25, 2018, ADT acquired safety/security company Red Hawk Fire & Security from Comvest Partners for 318M USD

Acquisition Highlights
  • This is ADT’s 11th transaction in the Safety/Security sector.
  • This is ADT’s 3rd largest (disclosed) transaction.
  • This is ADT’s 11th transaction in the United States.
  • This is ADT’s 2nd transaction in Florida.

M&A Deal Summary
Date 2018-10-25
Target Red Hawk Fire & Security
Sector Safety/Security
Buyer(s) ADT
Sellers(s) Comvest Partners
Deal Type Add-on Acquisition
Deal Value 318M USD
Advisor(s) Jefferies
Lincoln International (Financial)
McDermott Will & Emery (Legal)

Target

Red Hawk Fire & Security

Boca Raton, Florida, United States
website
Red Hawk Fire & Security LLC is a provider of fire safety and integrated security installation, maintenance and monitoring services. Red Hawk Fire & Security was founded in 1999 and is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

ADT

Boca Raton, Florida, United States

website

Category Company
Founded 1874
Sector Safety/Security
Employees22,000
Revenue 6.4B USD (2022)
DESCRIPTION
ADT's corporate headquarters in Boca Raton, Florida.
ADT's corporate headquarters in Boca Raton, Florida.

ADT is a provider of security and automation solutions for homes and businesses in the United States and Canada. ADT's broad and pioneering set of products and services, including ADT Pulse® interactive home and business solutions, and health services, meet a range of customer needs for today’s active and increasingly mobile lifestyles. ADT was incorporated in 1874 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 14 of 23
Sector (Safety/Security) 11 of 16
Type (Add-on Acquisition) 12 of 21
State (Florida) 2 of 2
Country (United States) 11 of 20
Year (2018) 5 of 5
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-09 Access Systems Integration

Eatontown, New Jersey, United States

Access Systems Integration (Access SI) is a full-service security organization that provides Integrated Access Control Systems, Intrusion Detection, IP-Based Digital Video Recording, Visitor Management, Perimeter Protection, and Infant Protection Systems. Access Systems Integration is based in Eatontown, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-10 Advanced Cabling Systems

North Little Rock, Arkansas, United States

Advanced Cabling Systems is a technology integration company. Advanced Cabling Systems specializing in the installation and service of integrated systems including structured cabling, fire alarm systems, audio/video, CCTV, access control, intrusion detection, intercom/paging systems, nurse call and infant protection systems. Advanced Cabling Systems was founded in 1997 and is based in North Little Rock, Arkansas.

Buy -

Seller(S) 1

SELLER

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.

DEAL STATS #
Overall 30 of 40
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 17 of 22
State (Florida) 4 of 6
Country (United States) 30 of 40
Year (2018) 4 of 4
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 Integrated Oncology Network

Nashville, Tennessee, United States

Integrated Oncology Network is an operator of physician management, radiation oncology management and cancer center development company that partners with hospitals and physicians. ION provides expertise including strategic solutions, development, financing and management services including radiation oncology operations, revenue cycle management, compliance, HR, IT and accounting. Integrated Oncology Network was founded in 2008 and is based in Nashville, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Citizens Rx

Oak Park, Illinois, United States

Citizens Rx is a provider of pharmacy benefit management services, including formulary management, claims processing, and rebate administration. Citizens Rx was founded in 2009 and is based in Oak Park, Illinois.

Sell -
Mergr

Product

Company

Legal