iSecurity banner

  iSecurity is coming up on June 13, 2013!
     Registration for the virtual tradeshow is open (and free) at www.isecuritytradeshow.com

SDM Newswire

UTC Sells Fire & Security Division

UTC Climate, Controls & Security, Farmington, Conn., a unit of United Technologies Corp., closed on the sale of its fire and security branch operations in the U.S. to Comvest Investment Partners, a private equity fund of the Comvest Group. Terms of the deal are not being disclosed.

UTC Climate, Controls & Security is a provider of integrated building solutions, including fire and security systems, heating, air conditioning and refrigeration systems, and building controls and automation.

This business, with approximately $250 million in sales, 1,350 employees and 40 locations, was formed as a result of a roll-up of Red Hawk and a dozen other small U.S.-based businesses over the last several years.

 “UTC Climate, Controls & Security is strategically reviewing its fire and security portfolio to focus on businesses with industry leadership, large scale and higher returns,” said Geraud Darnis, president and chief executive officer, UTC Climate, Controls & Security. “With this transaction, the U.S. fire and security branch network will be able to strengthen its operations and enhance its growth profile by taking advantage of Comvest’s deep experience in the industry.”  

Did you enjoy this article? Click here to subscribe to SDM Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Podcasts

ADS' Mahler Discusses His Retiring
Mel Mahler, after 22 years with ADS Security, Nashville, Tenn., has stepped down as chairman and CEO to enter retirement. He speaks to SDM about the factors that led to his decision to retire, retirement plans, and reflections on his security career.
More Podcasts

Workplace recycling

Workplace recycling can save money on supplies, conserve natural resources, reduce waste disposal costs and better position your company as an environmentally-conscious business. Where is your company at?
View Results Poll Archive

Clear Seas Research

Clear Seas logoWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

THE SDM STORE

SDM Top Systems Integrators Report
2010 Top Systems Integrators Report
The SDM Top Systems Integrators Report ranks, by total annual revenue, the largest U.S. firms that contract electronic security projects for commercial, industrial, institutional, government, and other non-residential markets.
More Products

SDM Green Page

Green leaves

Click here to visit the SDM Green page!

STAY CONNECTED

Facebook logo 40px 2-12-13 Twitter logo 40px 2-12-13  YouTube logo 40px 2-12-12  LinkedIn logo 40px 2-12-13