Re: U T C sell fire and security branch

[Jim <alarminex@xxxxxxx>]

On Wednesday, April 25, 2012 7:18:41 PM UTC-4, francis ocran wrote:
> The Comvest Group (=93Comvest=94), through its Comvest Investment Partner=
s
> IV fund (=93Comvest IV=94), is pleased to announce the acquisition of the
> U.S. fire and security branch operations of United Technologies Corp.
> (NYSE: UTX). The Company will operate under the name Red Hawk Fire and
> Security (=93Red Hawk=94). Terms of the transaction were not disclosed.
>=20
> The U.S. fire and security branch operations were formed as a result
> of a roll-up of Detection Logic, a leading fire detection company on
> the west coast, Red Hawk, and several other small U.S.-based
> businesses over the last several years. The Company has a national
> footprint currently consisting of approximately 40 locations and
> approximately 1,350 employees.
>=20
> Roger Marrero, Managing Director with Comvest, said, =93We are excited
> about the opportunities for Red Hawk, and our partnership with
> experienced, well-respected industry executives to lead our growth
> strategy. Both Mike Snyder, former President and Chief Operating
> Officer of ADT, and Dean Seavers, former President of SimplexGrinnell
> and CEO of GE Security, have extensive industry experience and will
> help us take advantage of favorable market trends and a strong
> national market position.=94
>=20
> About Red Hawk:
>  Red Hawk is a leading fire safety and integrated security
> installation (new and retrofit), maintenance (testing and repair) and
> monitoring services company. The Company=92s products include fire alarm
> panels and components, CCTV, access control panels, intrusion alarms
> and ATMs. Red Hawk serves a diverse number of end markets including
> financial services, healthcare, education, commercial buildings and
> manufacturing. The Company has a national footprint of approximately
> 40 locations and employs approximately 1,350 people.
>=20
> About Comvest:
>  The Comvest Group , with $1.4 billion of committed capital, provides
> flexible financing solutions to lower middle-market companies through
> its equity and debt funds, often meeting time-critical and complex
> funding requirements. Our firm includes seasoned, senior level
> operating executives who partner with managers and owners of companies
> to operationally improve businesses and create long-term value. Since
> 2000, Comvest has invested more than $1.5 billion of capital in over
> 105 public and private companies. Please visit www.comvest.com.

And there it goes again.

By the time this group of companies gets watered down there won't be a sign=
 of any of the products that made them unique.=20

I morn Sentrol most of all.