Having long admired Red Hawk, we are confident that combining the strengths of our two companies will allow us to deliver increased value to our customers and shareholders.”ĪDT lists the following as strategic and financial benefits of the transaction:

We are excited to welcome the talented and experienced Red Hawk team to the ADT family while expanding our geographic reach, service capabilities and product offerings.

“Red Hawk’s exceptional portfolio of commercial fire and security solutions complements ADT’s existing commercial business, positioning us to provide a superior customer experience at a local and national level. “Commercial security is one of the core pillars of ADT’s growth strategy and today’s announcement marks a significant step in our concerted efforts to expand our commercial business with the critical capabilities and services that our customers expect,” says ADT President and incoming CEO, Jim DeVries. Related: ADT CEO Tim Whall to Retire Nov. In recent years, Red Hawk has demonstrated double-digit revenue growth across a diverse set of customers, markets and geographies, leveraging its strong local presence backed by its nationwide footprint and differentiated fire and security expertise, according to a press release. Red Hawk offers mission-critical solutions across its 45 district locations and is expected to generate approximately $300 million of revenues in 2018. This deal follows the purchases of Acme Security Systems and Aronson Security Group earlier this year in an effort to drive commercial growth.ĪDT says revenues from the combined company’s business customers are expected to represent approximately 25% of total revenue. The 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, according to the company. ADT (NYSE: ADT) announces it has has entered into a definitive agreement to acquire Boca Raton, Fla.-based Red Hawk Fire & Security, a leader in commercial fire, life safety and security services and portfolio company of Comvest Partners, for $317.5 million in cash.

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