US private equity firm Halifax Group has acquired North American Video, a provider of integrated video surveillance and security systems, with the company’s founder and chief executive Cyn
US private equity firm Halifax Group has acquired North American Video, a provider of integrated video surveillance and security systems, with the company’s founder and chief executive Cynthia Freschi retaining a significant stake in the company and continue to work alongside the existing senior management team. Terms of the buyout were not disclosed.
‘Our partnership with Halifax will accelerate North American Video’s continued growth and expansion into new security markets while providing enhanced services and support for both existing and new clientele,’ Freschi says.
‘Our business model will continue to be based on three key principles: the implementation of innovative security systems solutions with cutting-edge technologies, outstanding customer service and support, and responsiveness to changing technology trends and user needs. These attributes will continue to drive our experienced personnel and ongoing operations will be unaffected by the transaction.’
Halifax managing director Jud Hill says: ‘North American Video is a clear leader in the security integration marketplace. We are pleased to be partnering with a management team that has built such a successful enterprise.
‘Halifax views North American Video as a unique investment, not only because of the intrinsic potential in its current lines of business in the gaming industry, but also because of growth opportunities in new markets that include homeland security, education and financial services.’
North American Video supports more than 500 client companies including casinos, schools, corporations, retail, banking and financial institutions from offices in New Jersey, New York, Las Vegas, Washington, Mississippi, South America and Macau.
The Halifax Group, which has offices in Washington, DC, Dallas and Raleigh, North Carolina, is a private equity firm specialising the recapitalisation of lower middle-market companies in a variety of industries including healthcare, wellness, infrastructure and business services sectors.
