Resideo said it will use net proceeds from the $87.5 million transaction for ongoing organic and inorganic investment and to support capital return to shareholders through the recently announced share repurchase program.
The deal marks Pye-Barker’s first location in the Coachella Valley region of Southern California, enhancing the company’s full-service capabilities in the Golden State.
Iowa Fire Equipment Co. serves 16 states throughout the Midwest and the state of Florida. Pye-Barker now operates over 170 locations spanning 40 states.
As the management and sales teams merge, customers will be able to buy Costar and IDIS solutions from either company, providing customers with comprehensive coast-to-coast U.S. and Canadian coverage.
Force provides security products and services, including risk assessments, the design and implementation of intrusion detection, access control and IP video surveillance technology.
