Tag: The Carlyle Group

SAN FRANCISCO—Sciens Building Solutions, a full-service commercial fire and life safety company, announced today that it has reached a definitive agreement to sell a majority stake to funds managed by global investment firm Carlyle . The Company’s senior management team, as well as current owner Huron Capital, will retain minority equity stakes in the business. Terms of the private transaction were not disclosed. "Since forming Sciens in 2016, we have rapidly grown and successfully...

Three months after helping LG Electronics relaunch its security products in the U.S., Observint Technologies announced today that it's acquired access control provider Infinias. Owned by The Carlyle Group, Observint Technologies was formed in 2006 with the goal of acquiring security-focused companies. Observint acquired Supercircuits in 2006. It subsequently bought Security Cameras Direct, DIGIOP and SC Technologies. I spoke with Observint's George Farley in July about the LG buy and he said at the...

LINCOLNSHIRE, Ill.—LG Electronics in August announced that it is bringing its security products to the United States and is launching a new line of cameras and DVRs.This is not LG's first venture into the security industry. In March 2011, after parting ways with Samsung, GVI Security partnered with LG to distribute LG's video surveillance products. GVI Security went out of business several months later.“That was more dipping our toe in the water,” John Taylor, VP for LG Electronics...