LOS ANGELES, Calif. (May 2, 2013) – 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.
# # #
