Zalud’s Blog just heard that The Halifax Group (“Halifax”) announced the acquisition of North American Video (“NAV”), a worldwide leader in the implementation of integrated video surveillance and security systems. Cynthia Freschi, NAV founder, chief executive officer and Security Magazine columnist, will retain a significant stake in the company and continue to serve with the existing senior management team. Terms of the buyout were not disclosed.
"Our partnership with Halifax will accelerate North American Video's continued growth and expansion into new security markets while providing enhanced services and support for both existing and new clientele,” said Ms. Freschi. "NAV’s business model has been and will continue to be based on three key principles: the implementation of innovative security systems solutions incorporating cutting-edge technologies, outstanding customer service and support, and responsiveness to changing technology trends and user needs. These attributes will continue to drive our business as we pursue new and exciting opportunities moving forward.” Ms. Freschi emphasized that NAV’s experienced personnel and on-going operations will be unaffected by the transaction.