TAC acquires Applied Control Technology
DALLAS--Following close on the heels of a major merger with Invensys Building Systems, TAC announced on August 11 the acquisition of Applied Control Technology, a company based in Raleigh, N.C., with business units dealing in building controls, security, fire, mechanical service and HVAC. Its security integration division is Applied Systems Technology. Terms of the deal were not released.
ACT has additional offices in Charlotte, Kernersville and Greenville, N.C. It was founded in 1982, employs 130, and did about $25 million in revenues in 2005. The company will be merged into TAC's Systems Integration division, specifically combining with a smaller branch TAC already owned in the Raleigh-Durham area.
Dave Berardi, vice president of systems integration/east for TAC, said the move was part of a larger initiative to increase TAC's integration branches and service capability, calling Applied "a good, quality independent" operating in a "booming area." He said Applied does high-end work, with a networking capability and comfort working with networked video surveillance. "They had a lot of the skill sets that we already had in Boston and New York," he said. "Those guys are hard to find."
"There's no big national organization, per se, in security," he said. "We're trying to cover the high end of that." He cited ADT, Siemens, and Johnson Controls as companies also trying to have a truly national commercial coverage. HSM is also trying to accomplish that goal.
Berardi said TAC will be looking to add independent integrators in cities where it already has a building integration business, and is looking to tack on security integration. "Right here in [Washington,] D.C. we could use an integrator," he said. "Right now we're importing that." TAC will also look to open new branches through organic growth, he said.
Tom Brewer, a manager at Applied, will take on branch manager duties at TAC's new North Carolina office. Berardi said nearly all Applied employees will be retained.