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Ctsi To Acquire Afa Protective Systems

Sep 04, 2021•almost 4 years ago

Acquiring Company

CTSI

Acquired Company

AFA Protective Systems

Government And MilitaryNatural ResourcesInformation TechnologyDesignFinancial ServicesCommerce And Shopping

Description

Corbett Technology Solutions, Inc. ("CTSI"), a portfolio company of Wind Point Partners ("Wind Point"), is pleased to announce it has entered into a definitive agreement to acquire AFA Protective Systems, Inc. ("AFA" or the "Company"), an industry leader in the design, installation, and service of state-of-the-art fire and security systems. Under the terms of the merger agreement, an affiliate of CTSI will commence a cash tender offer to acquire all outstanding shares of AFA common stock (symbol: AFAP) for $743.50 a share as of September 2, 2021.

Company Information

Company

CTSI

About

For over five decades, CTSI has been at the forefront of technology integration and innovation with critical communications, collaboration, audiovisual and security solutions for enterprise, government, healthcare and education customers. With an engineering-driven culture, we deliver best-in-class solutions and services with highly trained, lean-certified user experience practitioners, programmers, technicians, engineers and customer care representatives. CTSI delivers unmatched design, installation, integration and managed and subscription services that deliver high-quality, end-to-end results tailored to customers' unique needs and challenges. Additional information about CTSI is available at www.ctsi-usa.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed