Chantilly firm, formerly CTSI, closed on Short Circuit Electronics
Chantilly firm, formerly CTSI, closed on Short Circuit Electronics
Katherine Schulte// January 18, 2023//
Chantilly-based technology firm Pavion, formerly Corbett Technology Solutions Inc. (CTSI), acquired Missouri-based Short Circuit Electronics Inc., Pavion announced last week.
Financial terms of the transaction were not disclosed. Pavion is a portfolio company of Chicago-based private equity firm Wind Point Partners. The acquisition is Pavion’s 11th since it was acquired by Wind Point in June 2020. Its 10th acquisition was of fire alarm company Firecom in July 2022.
“Security is already a big part of our business, and one that we’re continuously looking to build,” Pavion President and CEO Joe Oliveri said in a statement. “Short Circuit adds significantly to the depth and breadth of services we’re able to provide throughout North America, which is an important part of our long-term business growth.”
Short Circuit Electronics initially provided CCTV equipment repairs when it was established in 1988. The company currently offers video security, surveillance and access control systems installation and service, as well as equipment removal, refurbishment and repair. It serves more than 40,000 locations across all 50 states, Puerto Rico and Canada.
“Pavion has a large security practice that’s well-aligned to our business and can provide additional security, fire and integration services to our customers,” Short Circuit Electronics co-founder and Vice President David Israel said in a statement. “But it’s the company and customer culture that solidified the deal for us.”
Founded in 1969 as CTSI, Pavion provides fire, security and communication integration solutions to clients in the enterprise, health care, education, government, data center and retail industries. The company, which rebranded as Pavion in October 2022, has customers across 22 countries.