Everon, formerly ADT Commercial, announced the purchase of Newtech Systems of Ashland, Ky. The transaction marks the first M&A activity for Everon since its establishment as a standalone organization with GTCR’s acquisition in October, and makes steps toward delivering on the company’s objectives for growth and geographic expansion.
“This is a huge moment for Everon, and we’re so excited that we get to share it with the very talented employees and leaders at Newtech Systems as we welcome them to our organization,” said Dan Bresingham, CEO. “We’ve said that Everon will be about growth — growth in our capabilities, in our people, and in our service area — all with the goal of serving our commercial customers better and more completely. And today’s news proves that. For nearly half a century, the leaders at Newtech have proven to have the same appetite for excellence that we do, and we’re looking forward to continued success alongside them across the region and market.”