“Commercial security is one of the core pillars of ADT’s growth strategy and today’s announcement marks a significant step in our concerted efforts to expand our commercial business with the critical capabilities and services that our customers expect,” said ADT President and incoming CEO, Jim DeVries. In recent years, Red Hawk has demonstrated double-digit revenue growth across a diverse set of customers, markets and geographies, leveraging its strong local presence backed by its nationwide footprint and differentiated fire and security expertise. Red Hawk represents one of the few last independent large national commercial integrators, offering complex solutions across its 45 district locations and is expected to generate approximately $300 million of revenues in 2018.
Red Hawk is a leader in the design, installation, integration, monitoring and servicing of commercial fire, security and life safety solutions. Revenues from the combined company’s business customers are expected to represent approximately 25 percent of total revenue. With the addition of Red Hawk, ADT will have an increased geographic footprint and enhanced customer service capabilities across the nation. It is the latest in a series of strategic acquisitions made over the last year to drive commercial growth and build on ADT’s foundation of superior customer service. This transaction accelerates ADT’s growth in the commercial security market and expands the Company’s product portfolio with the introduction of commercial fire safety related solutions. ADT recently announced it has entered into a definitive agreement to acquire Boca Raton, FL-based Red Hawk Fire & Security, a leader in commercial fire, life safety and security services and portfolio company of Comvest Partners, for $317.5 million in cash.
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