Re: U T C sell fire and security branch

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

I can't keep up with the name changes. Casi-Rusco, G.E. Security, UTC, Red =
Hawk....