Distribution company acquired
Controlled Products Systems Group, a Denver-based distribution company that bills itself as the “largest wholesale distributor of perimeter access control equipment in the US,” on Sept. 2, was acquired by The Duchossois Group.
CPSG distributes perimeter access control and gate automation security systems. It has more than 10,000 SKUs and 31distribution centers, and serves more than 4,000 dealer-installer customers.
I have not had a chance to catch up with the folks from the Duchossois Group or CPSG yet, but the new release I received said that Duchossois, based in Elmhurst, Ill. is a privately held, family-owned operating and investment company that has “significant investments in the access control solutions market.”
CPSG will continue to be run as a stand-alone business led by Brian Huitt, President. CPSG’s headquarters will remain in Denver, Colorado.
“Being acquired by TDG gives us long-term stability and access to the resources and infrastructure of a larger, focused parent company,” Huitt said in a prepared statement. “I am excited to continue growing CPSG through leadership products, total solution consultation, and unrivaled technical expertise and customer support.”
Investment banking services are provided by Harris Williams.
Terms of the acquisition were not disclosed.