Kingswood Capital Management LLC, an operationally focused, lower-middle market private equity firm, announced that it acquired Houston-based WAVE Electronics Inc. Kingswood will merge WAVE with its portfolio company, AVAD LLC. In bringing together WAVE and AVAD, Kingswood said it will create the largest value-added distributor of high-end audio, video, security and home automation solutions in the consumer electronics industry.
Matrix Comsec, a provider of technologically advanced security and communications solutions, announced that it is preparing to "spread its footprints" in the Canadian market.
XtraSales Inc., a manufacturer’s rep serving the professional/commercial security sector, and On the Road Marketing, a pro A/V manufacturer’s rep firm serving manufacturers in the commercial audio and video industry, have announced a strategic alliance in response to the increasing convergence of the physical security and professional A/V industries. The alliance will pave the way for integrated solutions between the companies’ various manufacturers, according to a press release.
Bold Perennial, provider of alarm monitoring and business management software for the security industry, will present a combination of educational opportunities during the month of October in observation of Cybersecurity Month.
UTC Climate, Controls & Security has completed its acquisition of S2 Security, which will be combined with Lenel, to create LenelS2, a global leader in advanced access control systems and services. Through the collective strengths of both companies, LenelS2 will provide scalable, cutting-edge customer solutions in the access control and security management systems industry, serving global enterprises to small- and mid-sized companies. The business is part of UTC Climate, Controls & Security, a leading provider of fire safety, security, building automation, HVAC and refrigeration systems, a unit of United Technologies Corp.
Convergint Technologies announced the acquisition of Integrated Security Solutions, a single-source provider of electronic and physical security solutions in Wisconsin and northern Michigan.
Evolver and eVigilant, two Virginia-based security companies, are merging through the private investments of Hillcrest Holdings Inc. and Akoya Capital LLC. Named Converged Security Solutions (CSS), the new organization will offer a managed services security solution spanning cyber and physical security to address the growing complexities in protecting critical infrastructure. Hillcrest and Akoya, as the first institutional investors for both Evolver and eVigilant, are providing growth capital to CSS to support the go-to-market strategies and the new managed services lines of business.
Ainstein, a provider of radar sensing solutions, announced two new products in its Ultra Long Range UAV radar series, the Ultra Long Range Airborne (ULAB-D1) and Ultra Long Range Ground-Based (ULGB-D1) radars, capable of precise detection more than 1,000 meters away, according to the company.
Essex Electronics announced its new iRox-T Turnstile Reader, a multi-frequency, multi-technology, low profile reader designed to solve concealment challenges and enable streamlined upgrades to higher-security turnstile applications.
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