Pavion (formerly Corbett Technology Solutions), acquired Premier Security Solutions ("Premier"). This acquisition expands Pavion's U.S. western region fire alarm and security services delivery and support capabilities. It is the fifteenth acquisition for Pavion since partnering with Wind Point Partners ("Wind Point") in June 2020.
Established in 1998, Premier specializes in commercial fire alarm, security, and wireless transmission services. Their team of technical professionals service customers across the region with a significant concentration of Silicon Valley customers in the Biotech, High Tech, Commercial Real Estate, Tourism and Entertainment industry verticals.
"Pavion is pleased to welcome Premier Security Solutions and its customers to Pavion," states Pavion CEO Joe Oliveri. "Our expansion of fire alarm and security system capabilities into the Bay Area significantly enhances our western region team, accelerating our ability to serve large global and national customers across the country. We look forward to working with the talented employees of Premier while enabling enhanced opportunities for employees and customers alike."
"A sincere thank you to our trusted employees, valued customers, and strategic vendors for their support over the last 25 years," said Larry Pott, Premier Security Solutions President, and CEO. "Your trust and confidence in Premier Security Solutions enabled our business to become the leading greater bay area commercial life safety and security provider it is today."
Paul Frankos, Premier Security Solutions Executive Vice President stated, "We are excited to continue our legacy with Pavion and look forward to the future, while serving our customers with the dedicated employees that helped build our business, now backed by Pavion."
"It's exciting to have the skilled and talented employees from Premier join Pavion," exclaimed Jim Muncey, President of the Pavion Security Business Unit. "Premier Security Solutions industry leading fire and security services extends our west coast capabilities. Premier customers are now supported by Pavion global delivery and service teams supporting security, access control, video surveillance, fire alarm, IT, and integration solutions."
Barry Epstein of Vertex Capital was the sole advisor to Premier Security Solutions on the transaction.