Commercial and Systems Integrators

AUSTIN, Texas—With an eye toward developing new technology and possible M&A activity, logistics security firm FreightWatch International announced this month a $10 million capital raise led by Bridge Investments, with help from Egis Capital and the Kroll family.

This is the first equity raise in the company's 12 years, said CEO Barry Conlon, and though it remains difficult to raise funds in this economy, "we see cargo theft really on the rise. We're seeing a demand and more and more requests for locations that we're not currently in." To meet that demand, FreightWatch need some capital to grow quickly. Conlon said to look for new locations "not in the short term, but in the middle term."

NAPERVILLE, Ill.—After a relatively inactive spring on the acquisition front, Stanley CSS made two buys in two weeks, following up last week’s Sonitrol of the Tri-State buy with a purchase this week of Sonitrol of Allentown, a Sonitrol franchise since 1979, located in Allentown, Pa. According to Stanley, the sale includes mostly commercial accounts including retail, restaurant, industrial, financial, service and education customers being serviced throughout eastern Pennsylvania.