M&A Deal Summary

Tyco International Acquires Industrial Safety Technologies

On December 10, 2014, Tyco International acquired safety/security company Industrial Safety Technologies from Battery Ventures for 330M USD

Acquisition Highlights
  • This is Tyco International’s 8th transaction in the Safety/Security sector.
  • This is Tyco International’s 9th largest (disclosed) transaction.
  • This is Tyco International’s 26th transaction in the United States.
  • This is Tyco International’s 3rd transaction in Texas.

M&A Deal Summary

Date 2014-12-10
Target Industrial Safety Technologies
Sector Safety/Security
Buyer(s) Tyco International
Sellers(s) Battery Ventures
Deal Type Add-on Acquisition
Deal Value 330M USD

Target

Industrial Safety Technologies

Woodlands, Texas, United States
Industrial Safety Technologies (IST) is made up of a group of companies strongly committed to developing the newest innovations in industrial safety solutions. From ground breaking wireless technology to the first hazardous gas emergency training system, the IST group provides among the most advanced and reliable solutions to protect lives and workplaces around the world. Detcon and Gas Measurement Instruments (GMI) provide IST with a solid foundation of fixed and portable gas detection solutions; DSA Detection specializes in the design, manufacture and distribution of consumables for leading brands of explosives and narcotics trace detectors (ETD); and Simtronics is a world class provider of sophisticated gas and flame detection systems for onshore and offshore industries. The four companies operate independently within the IST group.

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Buyer(S) 1

Buyer

Tyco International

Mahon, Ireland

Category Company
Founded 1960
Sector Safety/Security
Employees57,000
Revenue 9.9B USD (2015)
DESCRIPTION
Tyco office in Irvine, California.
Tyco office in Irvine, California.

Tyco International Ltd. is a global provider of security products and services, fire detection and suppression products and services and life safety products. The Company's portfolio of products and services, sold under brands such as Tyco, SimplexGrinnell, Sensormatic, Wormald, Ansul, Simplex, Scott and ADT serve security, fire detection and suppression and life safety needs across commercial, industrial, retail, institutional and governmental markets. Tyco International Ltd. was established in 1960 and is headquartered in Mahon, Ireland.


DEAL STATS #
Overall 31 of 32
Sector (Safety/Security) 8 of 8
Type (Add-on Acquisition) 25 of 26
State (Texas) 3 of 3
Country (United States) 26 of 27
Year (2014) 2 of 2
Size (of disclosed) 9 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-19 First Choice Facilities

Isleworth, United Kingdom

First Choice Facilities PLC is a independent Fire and Security service provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-26 ShopperTrak RCT

Chicago, Illinois, United States

ShopperTrak RCT Corp. is a provider of retail consumer behavior insights and location-based analytic software services.

Buy $175M

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 30 of 64
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 13 of 34
State (Texas) 7 of 9
Country (United States) 27 of 51
Year (2014) 9 of 9
Size (of disclosed) 10 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-17 Zayo

Boulder, Colorado, United States

Zayo is a provider of bandwidth infrastructure and network neutral colocation and interconnection services. Zayo's services allow its customers, which include telecom carriers, wireless service providers, media and content companies, and other bandwidth-intensive businesses, to transport data, voice, video, and internet traffic, as well as to interconnect their networks. Zayo was founded in 2007 and is based in Boulder, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Data Physics

San Jose, California, United States

Data Physics Corporation designs and manufactures test and measurement equipment and software for acoustic testing, machinery diagnostics, shock and drop testing, structural vibration testing, and shaker testing applications.

Sell -