2 Firms Guide PE-Backed ADT In $317.5M Red Hawk Buy

Law360 (October 25, 2018, 3:10 PM EDT) -- Private equity-backed security company ADT Inc., advised by Morgan Lewis & Bockius LLP and Paul Weiss Rifkind Wharton & Garrison LLP, will shell out $317.5 million in a cash deal to pick up Red Hawk Fire & Security from Comvest Partners, according to a Thursday statement.

The deal is expected to bolster Florida-based ADT's position in the commercial security market while bringing in a new element of fire safety services, ADT president and incoming CEO Jim DeVries in a statement.

"Commercial security is one of the core pillars of ADT's growth strategy, and today's announcement marks a significant step in our...

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