ADT Inc., SDM’s 2017 Dealer of the Year, announced it has entered into a definitive agreement to acquire Boca Raton, Fla.-based Red Hawk Fire & Security, a commercial fire, life safety and security services and portfolio company of Comvest Partners, for $317.5 million in cash.
This transaction accelerates ADT’s growth in the commercial security market and expands the company’s product portfolio with the introduction of commercial fire safety related solutions. It is the latest in a series of acquisitions made over the last year to drive commercial growth and build on ADT’s foundation of customer service. Revenues from the combined company’s business customers are expected to represent approximately 25 percent of total revenue.