Tech Electronics, headquartered in St. Louis, Missouri, is a leading provider of life safety and communication technology solutions now with seven locations throughout the United States. The company's strategic growth goals include achieving 100 million in revenue by the year 2022 through continued geographic expansion, innovation and expanded service offerings. The purchase of Fire Detection Systems LLC, based in Denver Colorado, extends Tech Electronics' service coverage and contributes to the goal of becoming a super-regional technology services organization.
"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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tech-electronics-acquires-fire-detection-systems-llc-300398896.html
SOURCE Tech Electronics