LockeBridge is pleased to announce the sale of its client Team AVS, Inc. to a strategic buyer. Per the Buyer’s request, the buyer’s name and terms of the transaction were not disclosed.

Established in 1982 and with offices in Massachusetts and Rhode Island, Team AVS, Inc. is a leading provider of Integrated Security Systems, including CCTV, Access Control, Emergency Communication & Intercoms, IP Based Systems, Wireless Security Systems, Video Storage, and Intrusion Detection & Monitoring.

Mr. Tom Leonard, CEO and President of Team AVS states: “Early on in the process we determined that, although the Company is a leading security integrator in New England, the opportunity to both increase its geographic reach and to add additional products was substantial. LockeBridge identified buyers that would were capable of both expanding our target market and broaden our product offering, thereby substantially increasing the value of the Company. Additionally, LockeBridge informed me of the significant tax implications resulting from having been organized as a C Corporation prior to changing to an S Corporation several years ago. Through their affiliate company, LockeBridge Partners, Inc., a FINRA registered Broker/Dealer, they were able to structure and execute the transaction as a sale of stock, resulting in substantial tax savings.”

According to Mr. Lenny Lozinsky, LockeBridge Managing Director, “The identification of a strategic buyer, which supplies other product to the security market, resulted in a highly synergistic fit between Team AVS and the Acquirer. We are very optimistic that the sale of Team AVS will result in significant value to both companies and we look forward to working with the Buyer to assist in identifying and executing other potential opportunities.”