Platinum Equity Completes Acquisition of CheckView
May 02 2013 - 5:03PM
Marketwired
Platinum Equity announced today that it has completed the
acquisition of CheckView from Checkpoint Systems, Inc. (NYSE: CKP).
CheckView is a leading security systems integrator that provides
physical and electronic security solutions exclusively for retail
customers. The company markets fire and life safety alarm systems,
intrusion alarm and access control systems, digital anti-theft
video solutions, and central station monitoring services.
"We are excited about the prospects for CheckView as an
independent enterprise," said Platinum Equity Partner Robert J.
Joubran, who is leading the transition process. "The business will
benefit from new financial and operational resources and a more
focused, entrepreneurial corporate culture."
Following the change in ownership and separation from
Checkpoint, CheckView will continue to do business under the
CheckView brand.
Mr. Joubran explained that CheckView is a strong platform for
growth in a fragmented market.
"We will focus on maximizing the performance of the core
business and growing organically, while also pursuing strategic
add-on investments that can expand CheckView's product offering and
footprint."
About Platinum Equity Platinum Equity
(www.platinumequity.com) is a global M&A&O® firm
specializing in the merger, acquisition and operation of companies
that provide services and solutions to customers in a broad range
of business markets, including information technology,
telecommunications, logistics, metals services, manufacturing and
distribution. Since its founding in 1995 by Tom Gores, Platinum
Equity has completed more than 145 acquisitions.
Contacts: Dan Whelan Platinum Equity (310) 282-9202 Email
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