"We are excited about the new business venture and the expansion of Tech Electronics solutions and services into a new region," said Kurt Canova, President of Tech Electronics. "Fire Detection Systems' reputation as a life safety technology provider and strong company culture seamlessly align with our mission and strategy for growth."
Founded in 2003, Fire Detection Systems, LLC is a $6.5 million dollar company with 28 employees, making it Tech Electronics' largest acquisition to date. Fire Detection Systems, LLC will continue to operate under the same leadership and provide the same services as Tech Electronics of Colorado.
"The expertise, products, and services that come with Tech Electronics will not only be beneficial for our customers but our employees as well," says Rich Vance, Owner of Fire Detection Systems, LLC. "We are choosing to grow with a company that has the future of our industry and employees in mind."
Fire Detection Systems, LLC is the seventh location and fourth acquisition for Tech Electronics in the past six years. The family-owned company, whose fiscal ends in March, is expecting to close out the year at over $60 million and with this is acquisition 2017 projected revenues is $67 million.
About Tech Electronics
Tech Electronics is a technology services organization headquartered in St. Louis, Missouri with a network of regional offices in Columbia & Springfield, MO, Bloomington & Chicago, IL and Indianapolis, IN. Since 1963, Tech Electronics has been designing, installing and maintaining a variety of systems and services for institutions and organizations in the government, healthcare, education & business markets.
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SOURCE Tech Electronics