M&A Deal Summary

RTX Acquires Red Hawk Fire & Security

On September 11, 2006, RTX acquired safety/security company Red Hawk Fire & Security from Westshore Capital Partners and Florida Capital Partners for 142M USD

Acquisition Highlights
  • This is RTX’s 4th transaction in the Safety/Security sector.
  • This is RTX’s 11th largest (disclosed) transaction.
  • This is RTX’s 9th transaction in the United States.
  • This is RTX’s 2nd transaction in Florida.
Investment Fate
  • Red Hawk Fire & Security was divested to a consortium of buyers in 2012.
  • Red Hawk Fire & Security was sold to a publicly-traded strategic buyer in 2018 for 318M USD.

M&A Deal Summary

Date 2006-09-11
Target Red Hawk Fire & Security
Sector Safety/Security
Buyer(s) RTX
Sellers(s) Westshore Capital Partners
Florida Capital Partners
Deal Type Add-on Acquisition
Deal Value 142M USD
Advisor(s) USBX Advisory Services LLC (Financial)

Target

Red Hawk Fire & Security

Boca Raton, Florida, United States
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

RTX

Arlington, Virginia, United States

Category Company
Founded 1934
Sector Diversified
Employees185,000
Revenue 68.9B USD (2023)
DESCRIPTION

RTX is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries. RTX was founded in 1934 and is based in Arlington, Virginia.


DEAL STATS #
Overall 11 of 21
Sector (Safety/Security) 4 of 5
Type (Add-on Acquisition) 10 of 17
State (Florida) 2 of 3
Country (United States) 9 of 18
Year (2006) 1 of 1
Size (of disclosed) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 KFT

Montvale, New Jersey, United States

KFT designs, installs and services live fire training simulators and related technologies. The Company provides critical fire training technologies to fire academies, municipalities, governments, and industrial customers on a global basis.

Buy $2.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-12 Precision Engine Controls

San Diego, California, United States

Precision Engine Controls Corp. is a designer and manufacturer of industrial and marine engine controls and services.

Buy -

Seller(S) 2

SELLER

Westshore Capital Partners

Tampa, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Westshore Capital Partners is a private equity firm that targets investments in basic industry companies. Westshore looks to invest in companies with $8 to $100 million in revenue. Target sectors include industrial, consumer, food, medical, plastics, business-to-business, publishing, consumables, education, automotive aftermarket, hobby/craft, and maintenance/repair services. Prospective investment situations include recapitalizations, family succession recapitalizations, management buyouts, management buy-ins, and industry consolidations. Westshore Capital was formed in 2006 and is based in Tampa, Florida.


DEAL STATS #
Overall 2 of 6
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Florida) 1 of 1
Country (United States) 2 of 5
Year (2006) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Hamilton Paper Box

Hamilton, Ontario, Canada

Hamilton Paper Box Co., Ltd. is a folding carton manufacturers. Hamilton Paper Box designs, manufactures and markets a wide variety of printed folding cartons used by consumer and industrial product companies to contain, market, merchandise and/or protect their products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-19 Aspen Pet Products

Denver, Colorado, United States

Aspen Pet Products, Inc. is a manufacturer and importer of pet products and supplies, including collars, leashes, dog chews, and toys.

Sell -
SELLER

Florida Capital Partners

Tampa, Florida, United States

Category Private Equity Firm
Founded 1988
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Florida Capital Partners (FCP) is a private equity firm focused on acquisitions or recapitalizations of profitable private companies located in the continental US. FCP targets businesses with Enterprise value between $20 to $100 million with an EBITDA of $5 to $20 million. FCP prefers companies operating in traditional industries such as niche manufacturering, specialty services, and value-added distribution. FCP avoids investing in commodity products, start-ups, restaurants/hospitality, amusement parks, technology, biotech, retail, and real estate. FCP was formed in 1988 and is based in Tampa, Florida.


DEAL STATS #
Overall 11 of 21
Sector (Safety/Security) 2 of 2
Type (Add-on Acquisition) 4 of 7
State (Florida) 1 of 1
Country (United States) 11 of 21
Year (2006) 1 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-09 Environmental Express

Charleston, South Carolina, United States

Environmental Express is a developer, manufacturer and distributor of environmental laboratory equipment and consumable supplies for commercial, governmental, industrial and academic laboratories worldwide. The company provides an entire range of laboratory products used in applications such as water/wastewater analysis, oil and grease analysis, metals analysis and hazardous waste analysis. We pride ourselves on providing innovative products, superior technical support, knowledgeable customer service and same day shipping.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-19 Aspen Pet Products

Denver, Colorado, United States

Aspen Pet Products, Inc. is a manufacturer and importer of pet products and supplies, including collars, leashes, dog chews, and toys.

Sell -