SOURCE: Imperial Capital

Imperial Capital

March 18, 2010 04:45 ET

Imperial Capital Advises Two Electronic Security Distribution Companies in Their Sale to Brazos Private Equity Partners, LLC

Combination of Tri-Ed and Northern Video Systems Creates a North American Industry Leader

LOS ANGELES, CA--(Marketwire - March 18, 2010) - Imperial Capital announced today the sale of two electronic security distribution companies, Tri-Ed Distribution ("Tri-Ed"), the leading source for security systems and low voltage products in North America, and Northern Video Systems, Inc. ("Northern Video Systems"), a leading wholesale distributor of security, surveillance and network infrastructure products. Imperial Capital initiated this transaction and served as exclusive financial advisor to Tri-Ed Distribution as well as serving as a financial advisor to Northern Video Systems. Brazos Private Equity Partners, LLC, a leading Dallas-based private investment firm, was the equity sponsor. Financial terms of the transactions were not disclosed.

The two companies will be combined and will operate as Tri-Northern Security Distribution, Inc., under the leadership of Steve Roth, an industry veteran who has served as President and Chief Executive Officer of Tri-Ed since 2005. This powerful combination establishes a dynamic sales, marketing and logistics organization with world-class service and efficiency for customers and suppliers.

"Imperial Capital was very instrumental in executing this strategic transaction given their expertise in the Security sector, middle market mergers and acquisitions advisory and extensive relationships with potential buyers and investors," said Steve Roth.

John E. Mack, III, Executive Vice President and Co-head of Investment Banking at Imperial Capital, who represented Tri-Ed and Northern Video Systems in this transaction, said, "We were pleased to assist in the creation of the second largest distributor of electronic security systems and products in North America."

The combination of Northern, based in Rocklin, California, and Tri-Ed, based in Woodbury, New York, brings together two of the largest entities in security distribution with a combined 41 sales offices and the most comprehensive offering of Intrusion, Video, Access, Fire and Sound and Communications solutions anywhere in the U.S. and Canada. Security dealers will have the benefit of a highly efficient, economical and customer-focused delivery system.

Tri-Ed and Northern will retain their organizational identity, company locations and executive leadership. The senior management at both organizations will assume leadership roles as well as equity positions in the new entity. Steve Roth will assume the role of Chief Executive Officer, Mark Haney will serve as President, Pat Comunale as Chief Operating Officer, Paul Haney as Executive Vice President, and Brian James and James Rothstein as Senior Vice Presidents.

About Imperial Capital, LLC

Imperial Capital, founded in 1997, is a full-service investment banking firm with offices in Los Angeles, New York, San Francisco, Boston, Houston and Minneapolis. The firm currently employs over 170 professionals and offers a wide range of proprietary products and services to institutional investors, middle market companies, and private equity firms. Imperial Capital provides institutional clients research and sales and trading of high yield and distressed debt securities, bank debt, convertible bonds, preferred stocks, and equities. The firm provides middle market companies and financial sponsors with capital markets, merger and acquisitions, capital structure, restructuring and recapitalization advisory services. More information about Imperial Capital can be found at

About Brazos Private Equity Partners, LLC

Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.4 billion of equity capital. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Brazos seeks to partner with outstanding management teams and/or families of closely-held businesses to maximize value. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed 50 acquisitions, including 19 platform investments. Brazos has invested in a broad range of industries including distribution, consumer, business services, restaurants, healthcare, financial services and manufacturing.

Contact Information

  • For more information regarding this transaction or on Imperial Capital, please contact:


    Anna Halloran Jacob, Imperial Capital, LLC
    (310) 246-3675