Last month, UTC Climate, Controls & Security announced the sale of its security integration business to private equity firm, Comvest Investment Partners. According to UTC, the business employs 1,350 people in 40 locations with approximately $250 million in sales and was made up of nearly a dozen small, U.S.-based integrators. Red Hawk Industries, one of the largest of those acquisitions, was bought by UTC in 2006. At the time, UTC reported Red Hawk employed about 800 people in the U.S. and had 2005 sales of $142 million.
The new business owned by Comvest will bring back the Red Hawk name and will be led by Mike Snyder, past president of ADT, as chief executive officer and Dean Seavers, previous president of GE Security and SimplexGrinnell, as president.