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M&A Deal Summary

Pavion Acquires Security Source

On April 4, 2023, Pavion acquired business services company Security Source from Martco

Acquisition Highlights
  • This is Pavion’s 2nd transaction in the Business Services sector.
  • This is Pavion’s 16th transaction in the United States.
  • This is Pavion’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2023-04-04
Target Security Source
Sector Business Services
Buyer(s) Pavion
Sellers(s) Martco
Deal Type Divestiture
Advisor(s) Houlihan Lokey (Financial)

Target

Security Source

Andover, Massachusetts, United States
Security Source provides lock & hardware and video surveillance products and services throughout North America and Puerto Rico 24 hours a day 7 days a week. Security Source was founded in 2005 and is based in Andover, Massachusetts.

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Buyer(S) 1

Buyer

Pavion

Chantilly, Virginia, United States
Category Company
Founded 1969
Sector Safety/Security
DESCRIPTION

Pavion connects and protects by providing fire, security, and communication integration solutions to customers in 48 U.S. locations and 22 countries. The company brings industry-leading experience to clients in the enterprise, healthcare, education, government, data center, and retail industries. Its mission is to bring clarity and transformation to safety, security, and communication through integral technology and radical service. Pavion was founded in 1969 and is based in Chantilly, Virginia.

DEAL STATS #
Overall 16 of 22
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Massachusetts M&A 1 of 3
Country: United States M&A 16 of 22
Year: 2023 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-07 Netronix Integration

San Jose, California, United States

Netronix Integration is a global provider of system integration and security. The company is focused on supporting global and local customers to protect their most valued assets so that they can focus on building their brand. Netronix Integration was founded in 2007 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-10 Premier Security Solutions

Hayward, California, United States

Premier Security Solutions specializes in commercial fire alarm, security, and wireless transmission services. Premier Security Solutions was founded in 1998 and is based in Hayward, California.

Buy -

Seller(S) 1

SELLER

Martco

Louisville, Kentucky, United States
Category Company
Sector Business Services
DESCRIPTION

Martco sells and services security products from over 100 manufacturers, including CCTV products, access controls and network integration products.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-25 Security Source

Andover, Massachusetts, United States

Security Source provides lock & hardware and video surveillance products and services throughout North America and Puerto Rico 24 hours a day 7 days a week. Security Source was founded in 2005 and is based in Andover, Massachusetts.

Buy -
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