Tag: Ben Cornett
Private equity firm acquires LogicMark
January 9, 2012Rich Miller
BUFFALO GROVE, Ill.—Private equity firm Generation3 Capital has entered the PERS arena by acquiring LogicMark, a designer and manufacturer of medical alarm systems, with former Honeywell Security Group executives Ben Cornett and Kevin O'Connor named to lead the company.Generation3 (Gen3) teamed with Promus Equity Partners on the acquisition, which was completed Dec. 30. Financial terms were not disclosed.Jim Coleman, principal of Gen3, based here, said LogicMark's record of strong growth and...
Former Honeywell exec Cornett to head PERS company
January 4, 2012Rich Miller
The private equity firm Generation3 Capital is getting into the PERS game, announcing this week that it has acquired LogicMark, a Virginia-based designer and manufacturer of medical alarm systems. Generation3 was joined in the deal by Promus Equity Partners LLC, according to a Gen3 statement. Financial terms of the acquisition were not disclosed.
Adding to the news is the fact that LogicMark is bringing aboard former Honeywell execs Ben Cornett, who will be the new CEO, and...