CTSI Acquires Systems Electronics
January 26, 2022 | PRNewswireEstimated reading time: 1 minute
Corbett Technology Solutions, Inc. (CTSI), a portfolio company of Wind Point Partners, is pleased to announce the acquisition of Systems Electronics, Inc., a communications, safety, and security systems integrator providing turnkey design, installation, and support across healthcare, education, and corporate clients.
Founded in 1970 and headquartered in Knightdale, N.C., Systems Electronics helps healthcare facilities improve patient care and financial performance through clinical workflow process improvement, nurse call integration, resource tracking, reporting, and analytics. The Company also delivers fire, security, and other systems integration solutions across its customer base.
Headquartered in Chantilly, Va., CTSI designs, engineers, installs, maintains, and manages highly engineered fire, security, nurse call, audiovisual, collaboration, and communication systems. CTSI serves thousands of clients across the United States.
"While continuing to expand our critical communications and healthcare business, Systems Electronics further enhances our North Carolina presence and extends our Virginia support structure to include the Tidewater and Western regions of the state," said Joe Oliveri, President and CEO of CTSI. "We are very excited to add Systems Electronics and their industry leading customer service to the CTSI family."
"Systems Electronics is a great organization and further expands CTSI's capabilities in healthcare, fire, and security," stated Nathan Brown, Managing Director at Wind Point. "We are very pleased to welcome the entire Systems Electronics team as CTSI continues to build out its best-in-class capabilities."
"We carefully assessed our opportunities to expand Systems Electronics and are very pleased with our decision to be a part of the CTSI team," commented Mike Strickland, President of Systems Electronics. "Our businesses have so much in common – most importantly our culture and commitment to retaining the best employees in the industry, while delivering the best possible service to our customers."
Systems Electronics represents the eighth acquisition for CTSI since partnering with Wind Point in June of 2020. CTSI's acquisition strategy will continue to focus on acquiring leading life safety, fire, security, nurse call, collaboration, and communication solution providers with complementary employee-focused cultures and a trusted commitment to customers.
Bundy Group, an investment bank, acted as financial advisor to Systems Electronics in connection with the transaction.
Suggested Items
Emerald Technologies Acquires Optimum
05/13/2024 | Emerald TechnologiesEmerald Technologies announced its acquisition of Optimum Design Associates, Inc. (Optimum), a leading electronic design and engineering services company. Terms were not disclosed.
AEye Announces Partnership with Leading Automotive Electronics and Vision Solutions Provider, LITEON
05/13/2024 | BUSINESS WIREAEye, Inc., a global leader in adaptive, high-performance lidar solutions, today announced that the non-binding Letter of Intent (“LOI”) announced in March is with LITEON Technology Corporation and is intended to provide AEye with a customer channel and industrialization partnership.
IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility
05/13/2024 | IDTechExElectrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.
Real Time with… IPC APEX EXPO 2024: Magnalytix's Services and Trends in the Electronics Industry
05/10/2024 | Real Time with...IPC APEX EXPOMike Bixenman, president of Magnalytix, explains Magnalytix's services, including third-party validation, test boards, electrical testing, and comprehensive reports. He also discusses emerging trends such as power electronics and reliability. Standards and design improvements also form part of this conversation.
Podcast Review: On the Line with… Designing for Reality
05/09/2024 | Duane Benson, Positive Edge LLCAs a technologist, if I were forced to come up with just one recurring theme that I might call a professional “nemesis,” it would be the difference between theory and reality. A lot of technology we have at our disposal works well in theory but falls short when reality hits. That’s not the only reason I chose to listen to and review On the Line with… Designing for Reality, featuring a series of conversations with ASC Sunstone’s Matt Stevenson, but it certainly helped that the title caught my eye.