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News

Surveillance group gains development funding

Supercircuits : 22 October, 2009  (Company News)
The Carlyle Group is sinking 10 million dollars into Supercircuits to expand product range and enter new markets
Supercircuits, a manufacturer and distributor of commercial and residential video surveillance solutions, has announced that The Carlyle Group has invested an additional $10 million in the Texas-based company. The Carlyle Group, one of the world's largest private equity firms, first purchased a controlling interest in Supercircuits in August 2006. This new capital will be used to invest in new technologies and products and to fully retire Supercircuits' debt.

"Carlyle's investment is a vote of confidence in our business model and our continued success," said Brian Wood, Chairman and CEO of Supercircuits. "At a time when many other companies in this industry are struggling, Supercircuits is increasing our market share and delivering impressive results for Carlyle."

Mr Wood added, "This new capital will enable us to deliver even more outstanding value and support to our customers. We also intend to expand our product offerings and further invest in Law Enforcement and Dealer initiatives. Eliminating our debt also gives Supercircuits the advantage of a rock solid balance sheet and greater flexibility in this challenging economy."
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