“ADT has a strong track record of successfully integrating acquisitions and we look forward to welcoming the talented Red Hawk team to the company.” “With the added robust portfolio of fire and life safety solutions, as well as additional scale through commercially-focused sales professionals and technicians, we enhanced our position as a leader in commercial security, just as we are today in the residential market,” DeVries says. In the announcement, ADT President and CEO Jim DeVries says the acquisition will strengthen the company’s growth in the commercial security market and meaningfully expand its product portfolio with the introduction of commercial fire safety-related solutions. The all-cash $317.5 million transaction was first announced Oct. ADT (NYSE: ADT) announced Monday it has completed its acquisition of Red Hawk Fire & Security, a leader in commercial fire, life safety and security services and portfolio company of Comvest Partners.
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