Iverify to Acquire Checkview Corporation
Iverify, Charlotte, N.C., a provider of innovative security solutions, including real-time remote monitoring services, announced it has acquired Checkview Corporation, Chanhassen, Minn., a provider of loss prevention and security services for national accounts. The combination of the two companies is expected to more than double the business of Iverify.
“This acquisition was a logical next step for Iverify, and, in fact, gives us a significant competitive advantage as we expand our footprint in Canada and reinforces our position as a leader of security protection solutions in North America,” commented Iverify CEO Sean Forrest.
Checkview customers will not only continue to enjoy the same suite of protection solutions, which include intrusion alarm, fire alarm, CCTV and access control, but will now be able to take advantage of Iverify’s interactive video response and two-way audio solution. Iverify’s comprehensive security solution set benefits national account customers across many sectors including auto dealerships, national retail chains, transportation, distribution, and commercial property management firms.
“Iverify and Checkview have a shared DNA, as both companies offer life-safety and property protection solutions for national accounts,” said Inverify President Steve Champeau said. "The scale and talent of the additional resources Checkview brings gives us the ability to run our centralized business operations with both efficiency and a continuing, unparalleled focus on serving our customers.”
Nicholas Khalil, who will continue in the role of Checkview CEO, added: “We’re excited to be a part of the Iverify team. We share a belief that customers come first, and we look forward to the synergies that a combined Iverify and Checkview will bring our customers.”
This is the second major deal that Iverify has completed in the national account service space. In June 2014, Iverify acquired TransAlarm, Burnsville, Minn., a provider of life-safety and property protection solutions. Driehaus Private Equity, Chicago, was the financial sponsor for both deals. Financial details were not disclosed. Please visit SDMmag.com for continuing coverage of this acquisition.