Corbett Technology Solutions Inc. (CTSI), a portfolio company of Wind Point Partners, announced today the acquisition of DavEd Fire Systems Inc., a provider of fire alarm and security system design, integration, maintenance and managed services.
Founded in 1982, DavEd offers fire alarm and security systems throughout the New York and New Jersey metropolitan areas. CTSI partners with customers across different fire system needs, from design through implementation, as well as emergency service and maintenance.
“We here at DavEd are extremely excited to join the CTSI family,” said David Hoshia, president and founder of DavEd. “CTSI is known throughout our industry as a leader and innovator, and those core values — combined with a willingness to truly partner with customers and deliver tailored solutions — makes their culture a tremendous fit with DavEd.”
Joe Oliveri, president and CEO of CTSI added, “For almost four decades, DavEd has dedicated itself to solving customers' fire alarm and security challenges, and we look forward to continuing that legacy and serving DavEd's customers. In addition, CTSI is now able to serve our existing customers with locations in the New York Metropolitan area and deliver local support for technologies across our portfolio.”
DavEd represents the second acquisition for CTSI since partnering with Wind Point in June 2020.
“A core focus of CTSI's value creation plan has been an emphasis on growth through acquisition, and DavEd represents an excellent addition to CTSI's leading platform,” said Nathan Brown, managing director at Wind Point Partners. “This acquisition further enhances our capabilities in the fire alarm space and continues to expand CTSI's footprint and ability to serve customers across multiple geographies.”
CTSI's acquisition strategy will continue to focus on acquiring communication, collaboration, life-safety and security solution providers with employee-focused cultures and a commitment to customers.