Allied Universal has made its fourth security integration firm acquisition in the past eight months by purchasing Advent Systems Inc., a low-voltage integrator of IP video, access control, structured cabling and audio/visual systems based in Elmhurst, Ill, a suburb of Chicago. Terms of the deal were not disclosed.
The Advent team will expand the Allied Universal Technology Services division - which was formed initially in April with the acquisition of Securadyne Systems - within the Midwest region.
“Adding Advent Systems helps us grow strategically and geographically especially within the Chicago market,” Steve Jones, CEO of Allied Universal, said in a statement. “We are excited to continue our strategy of expanding our technology division in order to offer highly advanced solutions for our clients.”
With revenues exceeding $42 million and 125 employees, Advent Systems has been providing integrated technology solutions since 1994. The company has offices in Chicago and Little Rock as well as satellite operations in Texas.
“We believe Allied Universal supports our business strategy and overall core values, which will result in a continuation of a high level of service and quality to our clients,” Michael Walsdorf, President of Advent Systems, said in the statement.
“I have known Mike Walsdorf and John Lothrop for 25 years and have successfully partnered with them on many occasions,” added Carey Boethel, President of Allied Universal Technology Services.
Advent Systems was represented by Stifel in the transaction.
