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ADT to acquire Red Hawk Fire & Security

October 31, 2018SSN Staff

BOCA RATON, Fla.—ADT announced it has entered into a definitive agreement to acquire Boca Raton, Fla.-based Red Hawk Fire & Security, a commercial fire, life safety and security services and portfolio company of Comvest Partners, for $317.5 million in cash. Upon completion of the acquisition, ADT said that its business customers will represent 25 percent of total revenue.“Commercial security is one of the core pillars of ADT's growth strategy and today's announcement marks a significant...

ADT, Comvest Partners, Jim DeVries, Michael McWilliams, Red Hawk Fire & Security, Roger Marrero