Tag: Tri-Ed/Northern Video
Tri-Ed/Northern buys one, opens two
July 18, 2012Martha Entwistle
WOODBURY, N.Y.—As promised when it was acquired by private equity firm Audax Group in April, Tri-Ed/Northern Video is expanding. The independent national distributor on July 16 announced the acquisition of Seabreeze Security Distributors of Orlando, Fla., and announced plans to open two new branches: one in Detroit and one in Raleigh, N.C.In addition to backing from Audax, the possibility of an increase in the capital gains tax is pushing deals along, Pat Comunale, Tri-Ed/Northern president...
Tri-Ed/Northern acquired by private equity firm
April 4, 2012Martha Entwistle
Updated with quotes from Pat Comunale at 12 p.m. on April 5.BOSTON—Audax Group, a $5 billion private equity firm based here, announced April 4 that it has acquired Tri-Ed/Northern Video."We're really focused on becoming a billion dollar distribution business," Pat Comunale, CEO and president of Tri-Ed/Northern Video told Security Systems News. "It took five years to double the business the first time around. We think we'll be there [at $1b in revenue] in another three to five years," he said....