Hammond, Kennedy, Whitney & Company, Inc. Announces Add-on Acquisition by Mobile Technologies, Inc.
Indianapolis, IN – June 23, 2014 – Mobile Technologies, Inc. (“MTI”), a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. (“HKW”), announced today further expansion into the mobile enterprise market with the acquisition of ArmorActive, Inc. (“ArmorActive”). Based in Salt Lake City, Utah, ArmorActive specializes in tablet accessories and enclosures for business applications.
Chris Remy, Chief Executive Officer of MTI stated, “ArmorActive is a worldwide pioneer in developing solutions to enable tablets to be used within business environments. With the acquisition of ArmorActive’s 100+ SKU product portfolio, excellent brand name and strong marketing presence, we are combining ArmorActive’s knowledge of mobile enterprise solutions with MTI’s technical and global services capabilities. This combination will provide a very unique value proposition to customers looking to use tablets in support of their business.”
“We are especially interested in how this combination allows us to bring the MTI product line to our customers, along with their tablet support and service team,” said Scott Paul, CEO of ArmorActive. “MTI’s capabilities to engineer and deploy products will increase our ability to meet global demand. ArmorActive was a first-mover in the tablet kiosk marketplace, and now with MTI we plan to break new ground with greater momentum.”
MTI, headquartered in Hillsboro, Oregon, designs, assembles, distributes and supports loss prevention and merchandising solutions for mobile product retailers and consumer electronics (“CE”) manufacturers in both the U.S. and international markets. MTI’s products are integral in assisting CE manufacturers in strengthening their brand/product image, and retailers in effectively securing their mobile products while maximizing the end user experience. In addition, MTI provides technical support services to over 70 countries worldwide.
HKW is a private equity firm founded in 1903 with offices in Indianapolis and New York. Since 1982, HKW has sponsored 44 platform transactions of lower middle-market companies throughout North America as well as 49 add-on acquisitions. For further information on HKW, please visit www.hkwinc.com.