Indianapolis-based Dealers Wholesale, a distributor of commercial doors, business hardware, and security systems, has acquired a safety and surveillance technology company based in Pewaukee, Wisconsin.
Terms of the deal for ClearPath Connections were not disclosed.
Dealers Wholesale CEO Jimmy Rayford said the purchase is a natural fit, as the Indiana company also works in integrated security and access control systems.
ClearPath, founded in 2010, designs, installs and provides service of security and life safety technologies often used by senior living communities.
“They are highly valued by their customers for their design and installation capabilities, as well as their high level of customer service,” Rayford said. “By adding the ClearPath team, we are positioned to accelerate our access control strategic priority, as well as expand our geographic footprint. The combination of these two organizations will continue to provide our customers and communities with warmth, comfort, and security.”
Rayford said Dealers Wholesale currently employs 75 workers. The purchase will bring on 25 more employees, who will continue to work under the ClearPath Connections name.
The company said ClearPath founder and CEO Jeff Tschurwald will act in a consulting capacity during the first-year integration. Other members of the executive team will remain.
Dealers Wholesale, 7845 E. 89th St., was founded in 1963. The company is owned by Carmel-based private equity firm The Firefly Group.