DALLAS--(BUSINESS WIRE)--Generational Capital Markets, Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, CLS Technology, Inc. to ADT Commercial. The acquisition closed December 2, 2020 and details were not disclosed.
CLS Technology, located in Katy, Texas, has served the metropolitan Houston area and surrounding communities for 15 years. Located 30 miles west of Houston, CLS Technology’s team specializes in installing, inspecting and maintaining fire alarm, video surveillance, access control, intrusion detection, emergency notification systems, and intercom and sound reinforcement systems across a variety of commercial environments.
Until recently, ADT, located in Boca Raton, Florida, focused almost entirely on residential security. Over the past several years the Company, has worked strategically to return to the commercial integration business with a goal to become a national accounts leader. That effort has been supercharged by a succession of strategic acquisitions, including a number of leading regional integrators who have joined the fold in the past two-and-a-half years, bringing decades of experience to commercial and national account customers.
ADT Commercial said the purchase of CLS Technology, which is the organization’s 24th acquisition, would deepen its capabilities to serve mid-market, national and large-scale commercial customers in the Houston, Texas, area.
“CLS Technology is extremely excited to be a part of the ADT Commercial family. For the past 15 years, CLS and our dedicated employees have established a reputation for excellence in both service and solutions, and we’re proud to join an organization who is similarly passionate about upholding these values. ADT Commercial’s national presence will allow us to more effectively respond to customers’ evolving needs and give our dedicated employees the ability to reach new heights,” said Shenille Engelhart-Skopik, President, CLS Technology.
“We’re extremely proud to welcome CLS Technology and add their wealth of expertise to the ADT Commercial organization. Joining forces with the CLS Technology team allows us to continue to deepen our fire and life safety capabilities and services across Houston and the state of Texas, and continue to effectively deliver on our promise for service excellence in the region,” said Dan Bresingham, Executive Vice President, ADT.
Generational Capital Markets Managing Director Mergers & Acquisitions, Chris Heckert, with support from Vice President Mergers & Acquisitions, Andre Farahmandi successfully closed the deal. Senior Managing Director David Pickard established the initial relationship with CLS Technology.
“This is a fantastic opportunity for both CLS and ADT Commercial and I look forward to seeing what CLS is able to accomplish with additional resources and a larger footprint,” said Heckert.
About Generational Capital, LLC
Generational Capital, LLC, is a Dallas, Texas-based merger and acquisition advisory firm. Generational Capital wholly owns Generational Capital Markets, Inc., Member FINRA/SIPC. More information can be found at www.gencm.com.
Generational Capital and Generational Capital Markets are part of the Generational Group and are affiliated with Generational Equity, LLC, which The M&A Advisor named Investment Banking Firm of the Year in 2016, 2017, and 2018.
GCM's most recent awards include The M&A Advisor's 2020 Information Technology Deal of the Year ($10MM-$25MM) and 2020 Private Equity Deal of the Year ($25MM-$50MM).