Red Hawk soars with buy
By SSN Staff
Updated Sat October 1, 2005
GREENWOOD VILLAGE, Colo.--The acquisitions just keep coming for Red Hawk Industries, the systems integrator that has bought more than a dozen companies since its inception six years ago.
Its latest deal was the purchase of FiSource Inc., a systems integrator with branches in Colorado, New Mexico and Arizona. Few details were released about the September transaction, except that Red Hawk bought 100 percent of the stock of FiSource.
According to David Charles, chief executive officer of Red Hawk, the deal improves the company's depth of service, especially in Colorado where it now employs 130. Red Hawk's reach now spans 20 regional offices that serve 23 states. Prior to this transaction, the company reported annual sales of nearly $100 million and 550 employees. Like other companies purchased by Red Hawk, FiSource's focus is on the banking industry. Not only does the company install surveillance and alarm systems in banks, it also installs ATMs, banking equipment, safes, vault doors and other related items.
Red Hawk's most recent acquisition included the purchase of BVI Inc., a systems integrator in Trevose, Pa., and MPA Systems of Sanger, Texas. These back-to-back deals, earlier this year, followed Red Hawk closing $41.5 million in debt financing.
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