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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...

Ben Cornett, EZWatch-Pro, Freedom Alert, Generation3 Capital, Guardian Alert 911, Jim Coleman, Kevin O’Connor, Life Sentry, LogicMark, Mark Gottlieb, Personal Emergency Response System (PERS), Promus Equity Partners