Resideo said it will use net proceeds from the $87.5 million transaction for ongoing organic and inorganic investment and to support capital return to shareholders through the recently announced share repurchase program.
The deal marks Pye-Barker’s first location in the Coachella Valley region of Southern California, enhancing the company’s full-service capabilities in the Golden State.
With an extensive background in technology, business development and security, Fiset brings a wealth of experience that will drive the company’s continued growth and innovation within Canada, according to the company.
Key Digital joins a roster of brands represented by TOTAL 2.0 that includes AG Neovo, Appotronics, AVTech, Broadata, Global Cache, Gude, Jabra, Marshall, Netgear, ScreenBeam, Stirling, Strong, VDO360 and Vogel’s.
Iowa Fire Equipment Co. serves 16 states throughout the Midwest and the state of Florida. Pye-Barker now operates over 170 locations spanning 40 states.
According to the announcement, Walker will draw on his civilian and military executive leadership expertise to serve as a resource to Allied Universal customers in developing comprehensive security strategies.
As senior consultants for the Surveill VMS platform, both will leverage their extensive industry knowledge to amplify awareness, supercharge sales and cultivate new revenue streams, according to the announcement.