Press Release

Mesirow Advises AFA Protective Systems on its Sale to Corbett Technology Solutions, Inc.

  • AFA is an industry leader in the design, installation and service of state-of-the-art fire and security systems

  • Partnership between AFA and CTSI will establish a world-class fire and security platform

  • Highlights the firm’s expertise and relationships within the business services sector

CHICAGO, November 1, 2021 – Mesirow, an independent, employee-owned financial services firm, today announced it acted as the exclusive financial advisor to AFA Protective Systems, Inc. (“AFA” or the “Company”) on its sale to Corbett Technology Solutions, Inc. (“CTSI”), a portfolio company of Wind Point Partners and premier provider of highly engineered nurse call, fire, security, audiovisual, conferencing, collaboration and communication systems.

Founded in 1873, AFA is a leading fire and security monitoring, service and integration firm and has set the industry standard for uninterrupted central station alarm service as the country’s oldest surviving provider. After acquiring a controlling interest in AFA in 1968, the Kleinman family spent over 50 years establishing the Company as an industry leader in the design, installation and service of state-of-the-art fire and security systems. AFA now serves over 28,000 customers from its 17 branch locations across the east coast, providing national account coverage throughout the US. Through its partnership with CTSI, AFA is poised to expand its customer base while enhancing CTSI’s platform with its best-in-class service offerings and capabilities.

Robert Kleinman, Chairman and CEO of AFA, commented, “With their knowledge of the business services end market and experience in working with family-owned businesses, the Mesirow team provided expert guidance throughout this process and helped maximize value for our shareholders.”

“We valued the opportunity to represent AFA during this transaction,” said Jeff Golman, Vice Chairman of Mesirow Investment Banking. “We believe the combination of AFA’s historic reputation and leading capabilities with CTSI’s resources will establish a world-class fire and security platform, benefitting the shareholders, employees and customers of both organizations.”

The sale of AFA to CTSI represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s expertise within the business services sector. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.

About Mesirow
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was recently named one of the Best Places to Work in Chicago by Crain’s Chicago Business and one of the Top Workplaces by the Chicago Tribune.

About AFA Protective Systems
Established in 1873, AFA is the oldest continuously operating alarm company in the United States, with offices throughout the East Coast and with service capability throughout the country through its National Accounts Division.

Additional information about AFA is available at www.afap.com.

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with AFA Protective Systems, Inc., Corbett Technology Solutions, Inc., Wind Point Partners, or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

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