M&A Deal Summary

Iverify US Acquires CheckView

On March 26, 2015, Iverify US acquired safety/security company CheckView from Platinum Equity

Acquisition Highlights
  • This is Iverify US’s 3rd transaction in the Safety/Security sector.
  • This is Iverify US’s 3rd transaction in the United States.
  • This is Iverify US’s 2nd transaction in Minnesota.

M&A Deal Summary
Date 2015-03-26
Target CheckView
Sector Safety/Security
Buyer(s) Iverify US
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition

Target

CheckView

Chanhassen, Minnesota, United States
CheckView Corp. is a provider of physical and electronic security solutions exclusively for retail customers. The company markets fire and life safety alarm systems, intrusion alarm and access control systems, digital anti-theft video solutions, and central station monitoring services.

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Buyer(S) 1

Buyer

Iverify US

Charlotte, North Carolina, United States
Category Company
Founded 2002
Sector Safety/Security
DESCRIPTION

Iverify US, Inc. is a provider of security solutions, including real-time remote monitoring services. Iverify US was founded in 2002 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 3 of 3
Sector (Safety/Security) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 2 of 2
Country (United States) 3 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-02 Trans-Alarm

Burnsville, Minnesota, United States

Trans-Alarm, Inc. is a provider of life-safety and property protection solutions.

Buy -

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.

DEAL STATS #
Overall 40 of 78
Sector (Safety/Security) 1 of 2
Type (Add-on Acquisition) 21 of 39
State (Minnesota) 2 of 3
Country (United States) 33 of 65
Year (2015) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-12 Chassix

Southfield, Michigan, United States

Chassix is a automotive supplier of precision casting and machining solutions. The brand was launched in 2013 following the integration of SMW Automotive, LLC and Diversified Machine, Inc.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-27 PrimeSource

Irving, Texas, United States

PrimeSource is a provider of construction fastening solutions and specialty branded hardware. The Company’s product offering spans more than 52,000 SKUs, including construction fasteners, cabinet knobs & pulls, functional hardware, insulation, roofing products, drawers, and organizers, among others. PrimeSource was formed in 1990 and is based in Irving, Texas.

Buy -
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