AB Precision (Poole) Ltd (ABP) announces the acquisition by its parent company (HWH Investments) of 100% ownership of Advanced Detection Technology LLC (‘ADT’). Located in Maiden, North Carolina, ADT is a world-renowned security and access control solutions manufacturer providing under-vehicle inspection systems, license plate recognition products, perimeter/facility access control systems and video surveillance solutions to a wide range of US and international customers. The acquisition of ADT is strategically important and will provide ABP, which supplies complementary security products, improved access to US markets for its products. ADT will also benefit from ABP’s existing access to European and other international markets.
Since 2003, Advanced Detection Technology has provided a complete portfolio of threat detection, access control, and inspection solutions. The company focuses on providing quality security equipment while continuously improving and conceptualizing innovative future technologies to meet the security needs of an ever-changing world. ADT offers multiple, integrated solutions to keep facilities, equipment, information, and human life safe and secure on all levels. ADT’s security solutions are designed to deliver outstanding results in any environment, under any condition and at any budget.
Scale Finance has provided financial advisory services for the Company including a major growth capital raise in 2007 with Carolina Mills, Inc. leading the investment.
The origins of ABP go back to 1966 when they were primarily a contractor to the UK Ministry of Defence. Since then, ABP has grown considerably and established a strong international reputation as innovators in product design, manufacturing and engineering.
About Scale Finance
Scale Finance LLC (www.scalefinance.com) provides professional CFO services, Controller solutions, and support in raising capital, or executing M&A transactions, to entrepreneurial companies. The firm specializes in cost-effective financial reporting, budgeting & forecasting, implementing controls, complex modeling, business valuations, and other financial management, and provides strategic help for companies raising growth capital or considering M&A/recapitalization opportunities. Most of the firm’s clients are growing technology, healthcare, business services, consumer, and industrial companies at various stages of development from start-up to tens of millions in annual revenue. Scale Finance LLC has offices in Charlotte, NC, the Triangle, the Triad, Southern Pines, and Wilmington with a team of more than 30 professionals serving more than 100 companies throughout the region.
