December 20, 2016 – Martin LLP is pleased to announce that its client, Communication Networks, LLC (“ComNet”), a leading manufacturer of video and data transmission equipment, has been acquired by Access Control Related Enterprises, LLC (“ACRE”), a portfolio company of the private equity firm LLR Partners.
Martin LLP acted as legal counsel to ComNet and its controlling equity holder.
ComNet offers a broad line of fiber optic, copper and wireless video and data transmission equipment that is designed to meet the needs of security and surveillance in the intelligent transportation systems, utility and industrial markets. The acquisition of ComNet builds on the ACRE family of companies, providing complimentary communication technologies utilized across its access control, intrusion, video and cloud-based product ranges.
ComNet CEO and President Andrew Acquarulo Jr, commented, “ComNet is excited to join the ACRE group and recognizes the strength it will bring to the brand and the synergies that are immediately apparent with the other ACRE companies.
ACRE CEO Joe Grillo stated, “In line with our mission, the ComNet acquisition, with their extensive offerings in the communication and data transmission technologies, continues to round out the product portfolio provided by the ACRE family of companies.”
ComNet was founded in 2008 in Danbury, Conn., by an experienced management team that had built similar businesses in the past. ComNet focuses on manufacturing and distributing its specialized communications and networking solutions designed to meet the specific requirements of its targeted vertical markets from its Danbury headquarters and a Leeds, UK facility that supports European and other International resellers.
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Martin LLP is a trusted advisor to local and national clients on corporate, litigation, and real estate matters. As a sophisticated law practice, we are particularly valued for our relationships with middle market companies and their private equity and venture capital investors. With a proactive approach, we partner with our clients, anticipating their needs and providing practical advice focused on maximizing the value of their business opportunities.