Expanding New England Footprint and Leadership
in Critical Communications
CHANTILLY, Va., June 19,
2024 /PRNewswire/ -- Pavion Corp.
(formerly Corbett Technology Solutions, Inc. "CTSI"), a leading
provider of integrated solutions for fire, safety, security, and
critical communications, has acquired Signet. This
strategic acquisition expands Pavion leadership in healthcare
critical communications and enhances our security and audiovisual
systems capabilities in New England.
Established in 1974 by founder Charlie
Caron with headquarters in Norwell, MA, Signet experienced consistent
growth under the direction of CEO Brad
Caron who joined the business in 1987. Brad charted
the companies' course for accelerated growth, beginning with the
establishment of an engineering group to enable complex systems
integration work in critical communications, network
infrastructure, security and audiovisual systems. With
innovation and an intense focus on the customer experience at its'
core, Signet now serves over 80% of acute care hospitals in its'
New England market. Now celebrating its 50th year,
and under the day-to-day leadership of Andrew Pelletier, the business is poised for
continued growth in industry verticals aligned with Pavion's growth
strategy.
"We are very pleased to welcome Signet employees and customers
to the Pavion team," said Pavion CEO Joe
Oliveri. "Signet is a great company with great people
and their focus in critical communications, security and AV
significantly enhances our capabilities to deliver integration and
support services for customers in the Northeast."
"As we approached our 50-year anniversary milestone, I wanted to
ensure Signet would maintain the energy and tenacity for continued
innovation and growth that my team deserves," stated Signet CEO,
Brad Caron. "Joining forces
with Pavion ensures the future for the employees and customers of
Signet for the next 50 years. I am very excited for the
future of Signet as part of the Pavion family."
"Signet customers will continue to be served by the employees
they've relied on for years, now with the enhanced support, tools
and capabilities from Pavion," advised Jim
Muncey, BU President. "Signet employees share our
passion to be the best in the industry and I really look forward to
working with the Signet team."
Signet is the 21st acquisition for Pavion since
partnering with Wind Point Partners ("Wind Point") in June 2020.
About Pavion
Pavion Connects and Protects by providing
fire, security, and communication integration solutions to
customers in 70+ U.S. locations and 22 countries. The company
brings industry-leading experience to clients in the enterprise,
healthcare, education, government, data center, and retail
industries. Its mission is to bring clarity and transformation to
safety, security and communication through technology and radical
service. Learn more at www.pavion.com.
About Wind Point Partners
Wind Point Partners is a
Chicago-based private equity
investment firm with approximately $6
billion in assets under management. Wind Point focuses on
partnering with top-caliber management teams to acquire
well-positioned middle-market businesses where it can establish a
clear path to value creation. The firm targets investments in the
consumer products, industrial products and business services
sectors. Wind Point is currently investing out of Wind Point
Partners X, a fund that was initiated in 2022. Additional
information on Wind Point is available at
www.windpointpartners.com.
About Signet
Founded in 1974, Signet is a Massachusetts-based, ISO 9001 and ISO
27001-certified mission critical technology systems integrator
supporting the complex and evolving needs of health care,
transportation, enterprise and government customers with critical
communications, audiovisual, security, and connectivity
solutions. Learn more at www.signetgroup.net
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Media Contact: Alan Rosenkoff,
arosenkoff@pavion.com
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SOURCE Pavion