M&A Deal Summary

Interface Security Systems Acquires Westec Intelligent Surveillance

On March 28, 2012, Interface Security Systems acquired safety/security company Westec Intelligent Surveillance from Egis Capital Partners, Clarity Partners and Argonaut Private Equity

Acquisition Highlights
  • This is Interface Security Systems’ 1st transaction in the Safety/Security sector.
  • This is Interface Security Systems’ 1st transaction in the United States.
  • This is Interface Security Systems’ 1st transaction in Texas.

M&A Deal Summary

Date 2012-03-28
Target Westec Intelligent Surveillance
Sector Safety/Security
Buyer(s) Interface Security Systems
Sellers(s) Egis Capital Partners
Clarity Partners
Argonaut Private Equity
Deal Type Add-on Acquisition
Advisor(s) Imperial Capital LLC (Financial)

Target

Westec Intelligent Surveillance

Plano, Texas, United States
Westec is an interactive security company using IP-based technology to deliver proprietary services. The company provides customers with a full range of business improvement and outsourced solutions, from basic burglar alarms and quality security equipment to fully integrated interactive remote-monitoring systems.

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Buyer(S) 1

Buyer

Interface Security Systems

St. Louis, Missouri, United States

Category Company
Founded 1995
Sector Information Technology
DESCRIPTION

Interface Security Systems is a managed services provider delivering managed network, asset protection monitoring, and business intelligence solutions to distributed enterprises. Interface Security Systems was established in 1995 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1

Seller(S) 3

SELLER

Egis Capital Partners

Summit, New Jersey, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

Egis Capital Partners LLC is a specialist private equity firm focused on opportunities in defense and homeland security. Egis has a target investment size of $10 to $80 million and is willing to act either as the lead investor or is willing to co-invest with larger funds on prospective transactions. Specific areas of interest include physical security services (systems integration, guard services, alarm monitoring, cash services); identity solutions (background screening, investigation services,biometrics, smart cards); and IT security (IT consulting, vulnerability assessment, application security, storage security). Egis Capital Partners LLC was formed in 2008 and is based in New York.


DEAL STATS #
Overall 1 of 10
Sector (Safety/Security) 1 of 5
Type (Add-on Acquisition) 1 of 5
State (Texas) 1 of 3
Country (United States) 1 of 10
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-19 iLEVEL Solutions

New York, New York, United States

iLEVEL Solutions LLC is a provider of cloud-based private capital data platform for data collection, analysis, and reporting automation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Acre Security

Las Vegas, Nevada, United States

Acre Security is a manufacturer of electronic security products that are emphasizing the ongoing transition to more open platform systems. Acre Security was founded in 2012 and is based in Las Vegas, Nevada.

Buy -
SELLER

Clarity Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Clarity Partners is a specialist private equity firm focused on investments in the communications and media sectors. Specific areas of interest include wireless, wireline and broadband services and applications; communications infrastructure; traditional and emerging media; information technology and business services. Clarity will consider making investments at all stages of company development, including early and late stage venture investing, growth equity financings, leveraged buyouts, and divestitures. Clarity Partners was formed in 2000 and is based in Beverly Hills, California.


DEAL STATS #
Overall 9 of 14
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (Texas) 2 of 3
Country (United States) 8 of 13
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-12 ImpreMedia

Los Angeles, California, United States

ImpreMedia LLC is a news and Information company in the United States in Online and Print.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-24 Opnext

Fremont, California, United States

Opnext, Inc. is a designers and manufacturers of optical components for the data and telecommunications industries.

Sell -
SELLER

Argonaut Private Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Argonaut Private Equity is a private equity firm focused on control investments in entrepreneur and family-owned businesses headquartered in the middle region of the US. The Firm seeks industrial oriented manufacturing, distribution, and service companies with revenue between $20 and $300 million and EBITDA between $5 and $50 million. Argonaut typically commits $15 to $100 million per transaction to support buy-outs, distressed and special situations, growth needs, and divestitures. Argonaut Private Equity was founded in 2002 and is based in Tulsa, Oklahoma.


DEAL STATS #
Overall 2 of 11
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (Texas) 1 of 3
Country (United States) 2 of 11
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-28 Yulex

Chandler, Arizona, United States

Yulex brings non-sensitizing, high performing, 100% plant based, specialty natural rubber materials to consumers and brands. Yulex has developed a portfolio of biobased elastomer products derived from the U.S. grown guayule plant. The technological innovation is designed to replace traditional tropical or petroleum based rubber for consumer, industrial and medical markets, with the residual agricultural materials utilized as a feedstock for bioenergy. Yulex collaborates with customers to develop and market highly differentiated premium performance products in an ecologically responsible, sustainable manner.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Southwest United Industries

Oklahoma City, Oklahoma, United States

Southwest United Industries is a provider in complete metal finishing services as well as aviation component repair and overhaul from its 130,000 ft² facility in Tulsa. Southwest primarily serves the Aerospace & Defense industries but also supports the medical, oil & gas, and general industrial base as well.

Sell -