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IR to shed security business

December 12, 2012Martha Entwistle

SWORDS, Ireland—Depending on how the new business is structured, conglomerate Ingersoll Rand's decision to spin off its security products business could benefit integrators, Michael McManus, Imperial Capital managing director, told Security Systems News.“From an operating company point of view, it will be interesting to see what kind of capitalization the parent company will spin off [the new stand-alone security company] with,” McManus said.The new entity's capital structure will...

Assa Abloy, Imperial Capital, Ingersoll Rand, Michael Lamach, Michael McManus, Misty Zelent, Trian Fund Management