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UTC finalizes S2 Security deal, combines S2 and Lenel

October 3, 2018Spencer Ives

PALM BEACH GARDENS, Fla.—UTC Climate, Controls & Security has completed its recently announced purchase of S2 Security, and will combine the newly acquired company with Lenel, creating LenelS2. Terms of the deal were not disclosed. LenelS2 will provide scalable, customer solutions in the access control and security management systems industry, serving global enterprises to small- and mid-sized companies, the announcement said. The business is part of UTC Climate, Controls & Security, a unit...

Alex Housten, Houlihan Lokey, Jeff Stanek, John Moss, Lenel, Michael Morabito, S2 Security, UTC