Ogden-based safety and monitoring solutions provider Becklar has a new ownership structure led by Boston-based private equity firm Graham Partners. Under the new ownership arrangement, Becklar management and existing private equity partner BV Investment Partners will both sell substantial ownership stakes, making Graham the new lead investor.
Graham Partners focuses on investing in technology-driven companies that are spurring innovation in advanced manufacturing and industrial technology.
With over 40 years of experience in fire and security detection, event monitoring, live video intervention, remote guarding, personal emergency response systems and lone-worker safety, Becklar has established itself in the safety and security industry. The company’s connected safety ecosystem, its patented AI-driven engagement platform, solutions suite and network of eight central stations redundantly located throughout the U.S. and Canada, have made it a major player in the safety industry.
“Becklar’s investment from Graham Partners is a pivotal moment for our company,” said Steve Richards, CEO of Becklar LLC. “Our new partnership will enhance our ability to innovate further, add new use cases and markets, increase our scale and enable Becklar to deliver even greater value to our partners and enterprise customers across North America and eventually Europe. We are excited to join forces with Graham, whose resources and experience will seek to propel Becklar into our next phase of growth.”
“Becklar’s commitment to protecting life, property and enhancing safety through their innovative solutions makes it an ideal fit for our portfolio,” said Rob Newbold, managing principal at Graham Partners. “We are thrilled to collaborate with their talented team to build on their strong foundation and unlock the next phase of growth, expansion and innovation.”
Under the new ownership, Becklar will continue to operate from its headquarters in Ogden with its current leadership team. Financial terms of the transaction were not disclosed.