M&A Deal Summary

3SI Security Systems Acquires CovertTrack

On December 13, 2019, 3SI Security Systems acquired technology hardware company CovertTrack

Acquisition Highlights
  • This is 3SI Security Systems’ 1st transaction in the Technology Hardware sector.
  • This is 3SI Security Systems’ 1st transaction in the United States.
  • This is 3SI Security Systems’ 1st transaction in Arizona.

M&A Deal Summary
Date 2019-12-13
Target CovertTrack
Sector Technology Hardware
Buyer(s) 3SI Security Systems
Deal Type Add-on Acquisition

Target

CovertTrack

Scottsdale, Arizona, United States
CovertTrack is a provider in technical surveillance equipment. CovertTrack creates innovative, specialized tools for GPS tracking, bait vehicles, audio surveillance, and video surveillance. CovertTrack was founded in 2006 and is based in Scottsdale, Arizona.

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Buyer(S) 1

Buyer

3SI Security Systems

Malvern, Pennsylvania, United States
Category Company
Founded 1970
Sector Safety/Security
Revenue 60M USD (2006)
DESCRIPTION

3SI Security Systems is a manufacturer and marketer of electronic security systems for cash protection. The company provides security solutions utilizing electronic activation of dye-based staining, smoke and tear gas to protect currency from bank robbers. 3SI’s solutions include currency degradation and GPS tracking solutions to protect cash and high-value assets in banks, safes and ATMs, jewelry, pharmaceuticals, consumer electronics, other retailers and law enforcement. 3SI's headquarters is in Malvern, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

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