Pelco acquired by Transom Capital Group

LOS ANGELES—Transom Capital Group (Transom), an operations-focused middle market private equity firm, announced it has acquired Pelco, a provider of video surveillance solutions, from Schneider Electric. Financial terms of the deal were not disclosed.

“As most security industry experts know, Pelco is one of the pioneers of the video surveillance space,” Russ Roenick, managing partner at Transom Capital Group, said in the announcement. “The journey toward creating the next great breakthroughs in video security begins today, through our investment in Pelco. We have conviction that the work done over the past several years to transform the company into a digitally savvy security leader with innovative hardware, software and service solutions is nearly complete. We are excited to partner with management to grow the business for many years to come.”

Pelco is focused on the design, development and manufacturing of predictive video security solutions including cameras, recording and management systems, software and services. Pelco's personal engagement with customers, resellers and technology partners drives the development and deployment of surveillance and security solutions with meaningful innovation.

 “As we surveyed the landscape of potential partners, our primary goal was to commit with a company who appreciated Pelco's legacy, as well as supported our current business strategy and growth plan, Pelco CEO Jean-Marc Theolier said of the deal. “Transom strongly believes in our unique value proposition to be an end-to-end solutions provider, and has encouraged us to continue doing what we do best! We are excited to work with Transom, and to develop new and innovative solutions to best serve our business partners.”

Transom was represented by Latham & Watkins as M&A counsel and Perkins Coie as debt finance counsel on this transaction. Wells Fargo provided the debt financing for the transaction and R.W. Baird served as financial advisor to Pelco.

Transom, headquartered in Los Angeles, has more than $500 million in assets under management.