Cook & Boardman Acquires Advantech
WINSTON-SALEM, N.C., June 30, 2020 /PRNewswire/ -- The Cook & Boardman Group LLC ("Cook & Boardman" or "C&B"), a leading specialty distributor of commercial door entry solutions and systems integration services announced today the acquisition of Dover, DE-based Advantech Inc. (Advantech). Terms of the transaction were not disclosed.
Founded in 1990 by Eric Schaeffer and three partners, Advantech is a full service security integration company serving a wide range of educational, governmental, commercial and healthcare customers in SE Pennsylvania, Delaware, Maryland and the Washington D.C. metro area. The company specializes in large facility security, fire and life safety systems, access control, video surveillance, intrusion protection, emergency communication and identity management solutions.
Under terms of the agreement, the company will continue to operate under the Advantech name as a division of A3 Communications, which was acquired by Cook & Boardman in April 2019 and is one of the nation's fastest growing systems integration companies. Advantech CEO Dave Sweeney will continue to lead the organization after the acquisition.
Commenting on the acquisition, A3 Communications President Brian Thomas noted, "Advantech is highly regarded for their technical expertise and excellent customer service and we are thrilled to have them join our organization. Our companies' common values and similar cultures will allow us to accelerate our growth in this critical market."
"We are excited to welcome Advantech to the Cook & Boardman family of companies," said Darrin Anderson, Chief Executive Officer of C&B, "and we look forward to providing their employees with additional resources and expanded opportunities. The combination of Advantech and A3 will strengthen our customer value proposition by arming us with a complete systems integration solution throughout our extensive network of branches in the Mid-Atlantic region."
Cook & Boardman is a portfolio company of Littlejohn & Co., LLC. Advantech represents C&B's eighth acquisition since being acquired by Littlejohn in October 2018.
About Cook & Boardman Group
Cook & Boardman is the nation's leading distributor of commercial doors, frames and hardware, specialty products including electronic access equipment and systems integration services. The company serves multi-family and non-residential markets including the commercial, education, government, healthcare, office, and hospitality sectors from more than fifty locations across sixteen states (including fifteen in the Mid-Atlantic region), and nationwide through their ecommerce portal at www.cookandboardman.com.
About Littlejohn & Co., LLC
Littlejohn & Co., LLC is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle market companies. The firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit www.littlejohnllc.com.
MEDIA CONTACT:
Bob Settle
The Cook & Boardman Group, LLC
bsettle@cookandboardman.com
336-768-8872
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SOURCE The Cook & Boardman Group
