Tag: Richard Rockwell
Lee Equity acquires Unlimited Technology
December 2, 2021SSN Staff
NEW YORK—Lee Equity Partners, LLC, a growth middle market private equity firm, announced today that funds managed by the firm have acquired a majority ownership interest in security systems integration firm Unlimited Technology, Inc., based in Chester Springs, Pa. Financial terms of the transaction were not disclosed.
Unlimited Technology’s solutions include integrated access control and video, intercom & communications, perimeter security assessments, life safety systems, network...
Unlimited Technology gets new CEO, chairman
February 20, 2013Martha Entwistle
CHESTER SPRINGS, Pa.—Richard Rockwell, who has run, invested in and sold a number of security companies, is the new CEO and chairman of independent integrator Unlimited Technology Inc.UTI President Brent Franklin told Security Systems News that the addition of Rockwell “will change the face of Unlimited Technology” and bring significant growth to the company.Based here, with offices in Houston and Valhalla, N.Y., UTI did about $20 million in sales in 2012 and has 65 employees....
This Blog's on Fire (And Other Stuff)
Judge OK's NYMP sale
October 20, 2011Tess Nacelewicz
It's official: A federal judge issued an order yesterday giving the green light for the financially embattled New York Merchants Protective Co. to be sold to Professional Security Technologies LLC in order to pay off creditors.
The written order by U.S. District Court Judge Denis Hurley describes the asset purchase agreement for the New York-based alarm company—in existence for about 100 years—as “fair and reasonable and in the best interest of the estate.”
The order says...
Proposed NYMP sale pending
September 30, 2011Tess Nacelewicz
FREEPORT, N.Y.—The New York Merchants Protective Co. Inc., a financially embattled New York-based alarm company that has been in the same family for about 100 years, was put up for sale late this summer.The company has been under receivership since early this year, when Bank of America sued NYMP, which is based here, and its owner Wayne Wahrsager for more than $19.2 million for allegedly defaulting on a loan.In August, the company's court-appointed receiver posted notices in The New York Times...