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.
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