Tag: Michael McManus
Johnson Controls to sell JCSS to Versar for $20m
September 11, 2015Martha Entwistle
SPRINGFIELD, Va.—Johnson Controls (JCI), which has shed a number of businesses in recent months, on Sept. 4 signed an agreement to sell its specialized federal security integration business, called Johnson Controls Security Systems (JCSS), to Versar, a government-services business located here, for $20 million.
The deal is expected to close by Oct. 1, according to Michael McManus, Imperial Capital managing director. Imperial Capital advised JCI on the deal. JSCC has approximately 50 employees....
Infinova gets into DIY
October 29, 2014Martha Entwistle
MONMOUTH JUNCTION, N.J.—Video surveillance provider Infinova is getting into the DIY market, with planned acquisition of Swann Communications, an Australian company that has offices in the United States.Founded in 1987, Swann provides bundled video surveillance systems that include video cameras, infrared cameras, DVRs, NVRs and video monitors. Its products are sold through big box retail stores.The deal also brings with it 100 employees who have expertise in the DIY market, the connected home...
HID Global acquires Codebench
January 8, 2013Martha Entwistle
IRVINE, Calif.—In a deal that brings new capabilities for its government customers and promise for increasing its commercial business, HID Global announced Jan. 8 that it has acquired Codebench, a physical security identity management company.Software developer Codebench's PIVCheck provides integration capabilities for government-specific credentialing systems.Codebench customers include federal agencies such as FEMA, EPA, DHS, DOD and FAA. Its software is used in transportation worker identification...
IR to shed security business
December 12, 2012Martha Entwistle
SWORDS, Ireland—Depending on how the new business is structured, conglomerate Ingersoll Rand's decision to spin off its security products business could benefit integrators, Michael McManus, Imperial Capital managing director, told Security Systems News.“From an operating company point of view, it will be interesting to see what kind of capitalization the parent company will spin off [the new stand-alone security company] with,” McManus said.The new entity's capital structure will...
Kratos agrees to buy Henry Brothers for $45m
October 7, 2010Martha Entwistle
FAIRLAWN, N.J.—The agreement, announced Oct. 6, that Kratos Defense Security Systems would acquire Henry Brothers Electronics for $45 million started with a tap on the shoulder at ISC West.
“That was where I was first introduced to the idea,” Jim Henry, CEO of Henry Brothers told Security Systems News. “The guys from Imperial Capital [John Mack, Jeff Kessler, Michael McManus] had been noodling on the potential synergies between the two companies before they approached me...