Extreme CCTV, Inc. | American Bank Note Holographics | GeoLogic Solutions Inc. | Zetron, Inc. | Representative Transactions
Morgan Keegan’s Security & Safety team is broadly recognized as the leading provider of investment banking services to the security & safety industry. The group, formed in 2000, remains the only dedicated practice focused on the security sector within a full-service investment bank.
Case Studies
Extreme CCTV
In February 2008, Extreme CCTV Inc. (“Extreme” or the “Company”) was acquired by Robert Bosch GmbH (“Bosch”). Extreme is a leading provider of active infrared (“IR”) illuminators and precision engineered closed-circuit television (“CCTV”) surveillance products. The Company is recognized as an industry expert in the development and production of imaging solutions for use in harsh and challenging environments. The Company’s products are targeted to serve five rapidly growing markets affected by escalating security threats worldwide: defense, homeland security, critical infrastructure, transportation and facilities. Since its inception in 1997, the Company has achieved ten consecutive years of revenue growth as well as successfully acquired and integrated two acquisitions, Derwent Systems Ltd. and Forward Vision CCTV Ltd., which have broadened the Company’s product portfolio and geographic presence.
Bosch, through its various subsidiaries, supplies technology and services in the areas of automotive and industrial technology, consumer goods and building technology worldwide. Extreme will operate within its Bosch Security Systems division.
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American Bank Note Holographics, Inc.
In February 2008, American Bank Note Holographics, Inc. (“ABNH” or the “Company”) was acquired by JDS Uniphase Corporation (“JDSU”). ABNH is a leading provider of holographic authentication solutions. With over 20 years of industry experience and operating history, ABNH produces, markets and sells holograms and products incorporating holograms. The Company’s holographic and optically variable devices are designed to address the escalating global problem of product and document counterfeiting with high quality authentication devices and related products and services for brand owners and governments. ABNH’s products are used primarily in security applications, including authentication of transaction cards, identity documents, documents of value and various consumer products.
JDSU provides communications test and measurement solutions and optical products. JDSU operates in four segments: Optical Communications, Communications Test and Measurement, Advanced Optical Technologies and Commercial Lasers. The Advanced Optical Technologies segment provides optical solutions for security and decorative applications and thin-film coatings for a range of public and private sector markets. ABNH will become part of JDSU's Advanced Optical Technologies business segment.
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GeoLogic Solutions, Inc.
In January 2008, GeoLogic Solutions, Inc. (“GeoLogic” or the “Company”) was acquired by XATA Corporation (“XATA”). GeoLogic is a leading provider of onboard fleet management solutions to the over-the-road trucking market in the United States. Through the application of its cellular and satellite network technologies, GeoLogic’s wireless management products enable its customers to increase overall asset efficiency while reducing operational costs. The Company’s products are installed on more than 35,000 trucks across North America.
XATA engages in the development, marketing, servicing and sale of onboard fleet management systems to the private fleet trucking industry in the United States and Canada. Following the closing of the transaction, XATA will have approximately 57,000 subscribers utilizing its technologies.
Platinum Equity, LLC (“Platinum”) is a private equity firm specializing in investments in acquisitions, public-to-private transactions and corporate divestitures. The firm acquires non-core assets from strategic sellers and concentrates on mission-critical services and solutions providers. Platinum focuses on the acquisition of businesses that provide services and support to the infrastructure and systems of other businesses.
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Zetron, Inc.
In May 2007, Zetron, Inc. (“Zetron” or the “Company”) was acquired by Kenwood Corporation (“Kenwood”). Zetron is a leading global provider of voice-centric communications technologies to the mission-critical communications market. With over 25 years of operating history in the development and sale of products and systems used in mission-critical command and control and private mobile network communications for both the governmental and commercial markets, Zetron is among the most recognized and experienced participants in the public safety technology industry. With a presence in over 60 countries worldwide, Zetron offers a comprehensive portfolio of products and system solutions through an extensive network of resellers and alliances with world-class systems integrators.
Kenwood operates in three core business segments: Car Electronics, Communications Equipment and Home Electronics. The Communications Equipment segment manufactures a variety of communications equipment, such as amateur radios, UHF CB transceivers, land mobile radios and personal digital cellular phones. Kenwood expects the addition of Zetron to promote a multi-faceted expansion of its Communications Equipment business.
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Representative Transactions
