Transom Capital Group (Transom), an operations-focused middle market private equity firm, has announced it has acquired Pelco, Inc. (Pelco), a provider of video surveillance solutions, from Schneider Electric.
Pelco is a global provider in the design, development and manufacturing of predictive video security solutions including cameras, recording and management systems, software and services. Pelco’s personal engagement with customers, resellers and technology partners drives the development and deployment of surveillance and security solutions with meaningful innovation.
Russ Roenick, Managing Partner at Transom Capital Group, said: “As most security industry experts know, Pelco is one of the pioneers of the video surveillance space. The journey toward creating the next great breakthroughs in video security begins today through our investment in Pelco. We have conviction that the work done over the past several years to transform the company into a digitally-savvy security leader with innovative hardware, software and service solutions is nearly complete. We are excited to partner with management to grow the business for many years to come.”
After the news had been released, Roenick spoke exclusively to International Security Journal about the acquisition: “At Transom, we look to invest in companies and industries characterised by innovation and that’s what we saw in Pelco. It’s a great brand, a leader in its field, and we found a great fit with the leadership team. Right now, we’re looking at a number of strategies to grow the business and are particularly excited about strengthening Pelco’s end-to-end solutions offering. It’s an exciting time at Pelco, we’re just getting started and keep your eyes out for good things in the future.”
Jean-Marc Theolier, CEO, Pelco, Inc.: “As we surveyed the landscape of potential partners, our primary goal was to commit with a company who appreciated Pelco’s legacy, as well as supported our current business strategy and growth plan. Transom strongly believes in our unique value proposition to be an end-to-end solutions provider and has encouraged us to continue doing what we do best! We are excited to work with Transom and to develop new and innovative solutions to best serve our business partners.”
Terms of the transaction were not disclosed. Transom was represented by Latham & Watkins as M&A counsel and Perkins Coie as debt finance counsel on this transaction. Wells Fargo provided the debt financing for the transaction. R.W. Baird served as financial advisor to Pelco on this transaction.