Sonitrol Sold To Private Investors

Sonitrol Inc., Alexandria, Va., announced its parent company, Tyco International Ltd., has sold Sonitrol to a group of private investors: Spire Capital Partners, L.P., Carlyle Venture Partners, and Wachovia Capital Partners for $125.5 million.

Concurrent with the transaction, Kevin P. Dowd, was named chairman and CEO of Sonitrol, succeeding Chris Cobb, who will remain with Tycoâ€™s ADT division. Dowd served most recently as President and CEO, at Checkpoint Systems,

Sonitrol has a network of 170 franchises serving 180 cities in the U.S., Canada, and the U.K.

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