Sciens Building Solutions in California, the fire detection and integrated solutions platform of Detroit’s Huron Capital, has acquired Florida’s SmartWatch Security and Sound. Details of the transaction were not disclosed.
“We are delighted to welcome SmartWatch to the Sciens family and to continue working alongside their leadership team and talented employees,” says Terry Heath, CEO of Sciens. “SmartWatch brings added capabilities to the Sciens platform, which we plan to leverage across all of our locations, allowing us to provide more options to our existing and new customers as we continue on our fun growth journey.”
The acquisition will further increase the company’s Florida footprint and add expertise in access control, video surveillance, and sound. It is also the most recently completed deal by Sciens since Huron Capital founded the company in 2016 to pursue a buy-and-build investment strategy in the fire detection and integrated solutions sector.
“Sciens’ strong market experience and operational expertise, combined with our capabilities and relationships, are expected to enhance our ability to serve our loyal customers and new clients,” says Madelaine Lock, president of SmartWatch. “We are already recognized as a provider of choice by our existing customer base, and we are excited to leverage this position, as well as Sciens’ institutional knowledge and capabilities, to pursue continued market penetration and growth together.”
Founded in 2000, SmartWatch designs, installs, services, and monitors enterprise access control systems, video surveillance solutions, fire alarm systems, emergency responder systems, and comprehensive sound systems. It provides services to customers in hospitality, theme parks, corporate campuses, health care, higher education, and government.
“We expect to enhance our leadership position and business development efforts in Florida,” says Danielle Lalli, vice president of Huron Capital. “The acquisition of SmartWatch highlights our continued pursuit of strategic partnerships that align with Sciens’ values and service offerings as we further establish the business as a prominent leader within the fire detection and integrated solutions sector.”
Huron Capital has established six investment funds totaling about $1.8 billion in capital and has completed more than 175 transactions throughout North America. Its portfolio companies have had 15,000 employees, aggregate annual revenues exceeding $3 billion, and operated more than 325 facilities.