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ADL Final Mile Acquires Henry Industries

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OMAHA, Neb., Dec. 18, 2024 /PRNewswire/ — RD Last Mile Holdings, LLC (“ADL Final Mile”), a final mile delivery company headquartered in Omaha, NE, has acquired Henry Industries, Inc. (“Henry Industries” d/b/a Henry Freight Solutions), a leading provider of customized and final mile logistics services in the states of Illinois, Missouri, Kansas, Arkansas, Oklahoma, and Texas.  Henry Industries is ADL Final Mile’s fourth acquisition.

“Henry Industries is another great addition to the ADL Final Mile network, both strategically and culturally, as we continue executing our strategy of expanding and densifying across the Midwest and South-Central U.S.,” said Monte O’Hara, Chief Executive Officer of ADL Final Mile. He continued, “Henry Industries will leverage our existing infrastructure in Missouri and Kansas and expand our services for both our new and existing customers.”

Cathy Taylor, President of ADL Final Mile’s Midwest Region, stated, “We are fortunate to have Henry Industries’ executive leadership team, Breck Nickell, Eric Dexter, and Kristian Carter, join the ADL Final Mile family.” She further commented, “It is evident they share ADL Final Mile’s commitment to high quality service and putting customers first, and we are excited for them to help accelerate our continued expansion in the region.”

Breck Nickell, President of Henry Industries, commented, “We have known Monte and the ADL Final Mile team for many years, and it is comforting to know they share our core values and business priorities, giving us confidence Henry Industries’ employees and customers will continue to be in good hands.” Nickell added, “We are excited to join the ADL Final Mile network and look forward to contributing to the future success of our combined platform.”

ADL Final Mile intends to be the partner of choice for final mile delivery and logistics entrepreneurs seeking growth capital or to transition their businesses. ADL Final Mile partnered with Red Dog Equity LLC, an Atlanta-based private equity firm, which, through its partnership with Monroe Capital LLC and Tom Pritzker’s family business interests (advised by The Pritzker Organization), has equity capital available to fund the platform’s future acquisitions. Monroe Capital also provides debt financing for ADL Final Mile. ADL Final Mile has significant growth capital at its disposal and is actively seeking acquisitions and development opportunities. 

About ADL Final Mile 
Founded in 2022 following the strategic merger of ADL Delivery and Capital Express, ADL Final Mile offers a full suite of logistics services including final mile & parcel delivery, fleet replacement, customized logistics, and warehousing and distribution in the Midwest and Southeast U.S. To learn more, visit www.adldelivery.com,  www.capitalexpress.biz, and www.henryindustriesinc.com.

About Red Dog Equity LLC
Red Dog Equity LLC is a private equity firm that invests in lower middle-market companies poised for strong growth in partnership with driven, entrepreneurial business leaders (“Red Dogs”). To learn more, please visit www.reddogequity.com.

About Monroe Capital 
Monroe Capital LLC (including its subsidiaries and affiliates, together “Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains 10 offices throughout the United States and Asia.

Monroe has been recognized by both its peers and investors with various awards including Inc.’s 2024 Founder-Friendly Investors List; Private Debt Investor as the 2023 Lower Mid-Market Lender of the Decade, 2023 Lower Mid-Market Lender of the Year, 2023 CLO Manager of the Year, Americas; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.

About The Pritzker Organization
The Pritzker Organization is the merchant bank for the business interests of the Tom Pritzker family.  Additional information can be found at www.pritzkerorg.com.

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SOURCE ADL Final Mile

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PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

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December 18, 2024

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CLEVELAND, Dec. 18, 2024 /PRNewswire/ — The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on December 3, 2024, declared a regular quarterly dividend in the amount of $.20 per share on the Company’s common shares, payable January 21, 2025, to shareholders of record at the close of business on January 7, 2025.

ABOUT PLP

PLP protects the world’s most critical connections by creating stronger and more reliable networks. The company’s precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations in 20 countries, PLP works as a united global corporation, delivering high-quality products and unparalleled service to customers around the world.

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SOURCE Preformed Line Products

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Cassia Networks Releases the M1500 Enterprise-Grade Compact Bluetooth Gateway, Enhancing Enterprise Application Flexibility

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December 18, 2024

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Cassia Networks presents the new M1500, a compact Bluetooth Gateway designed to provide flexible and cost-effective solutions for enterprise IoT applications.

SAN JOSE, Calif., Dec. 18, 2024 /PRNewswire/ — Today, Cassia Networks, Inc., a leading provider of enterprise Bluetooth IoT products and solutions, announces the launch of its new M1500 Bluetooth Gateway in China. Further announcements for the global release will follow.

Cassia’s M1500 is a compact and cost-effective Bluetooth gateway that delivers exceptional performance.

Cassia’s M1500 is a compact and cost-effective Bluetooth gateway that delivers exceptional performance. It is designed to be easy to install and use, offering the convenience of supporting both Wi-Fi and Ethernet as backhaul options, along with Power over Ethernet (PoE) supply capabilities.

The M1500 provides customers with enterprise-grade security, flexibility, and scalability, making it an ideal solution for deploying IoT projects in a cost-effective manner. Like all of Cassia’s Bluetooth gateways, the M1500 can be managed using Cassia’s IoT Access Controller (AC), which stands as the industry’s most robust enterprise Bluetooth network management solution.

The M1500 also supports Bluetooth roaming and positioning, features that are shared with other Cassia enterprise Bluetooth gateways such as the M2000, E1000, and X2000. It serves as a complementary addition to this lineup.

The M1500 is available in two distinct versions: the M1500 Standard and the M1500-XT. The M1500 Standard is an indoor model equipped with an omni-directional antenna. In contrast, the M1500-XT is designed for outdoor use, featuring a robust outdoor enclosure and a directional antenna.

The versatility of the M1500 gateway allows it to be utilized across a wide range of industries and applications. These include continuous vital sign monitoring in hospitals, telehealth, Industrial IoT, smart campuses, supply chain management, and personnel and asset tracking.

Felix Zhao, CEO of Cassia Networks, expressed his enthusiasm about the new product, stating, “We are thrilled to announce the M1500. This addition enhances our suite of enterprise IoT solutions by providing flexible, secure, and cost-effective connectivity for our enterprise customers.”

To learn more about the M1500 technical specifications visit: https://www.cassianetworks.com/products/m1500-bluetooth-gateway/

About Cassia Networks

Cassia Networks is the leading provider of enterprise Bluetooth IoT products and solutions. Our patented technology provides the most reliable and easy to manage long-range, multiple device connectivity, edge processing and locationing for Bluetooth IoT networks. Our mission is to solve the IoT connectivity, locationing and management challenges faced by today’s enterprises and make IoT easy.

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SOURCE Cassia Networks

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Pye-Barker Fire & Safety Launches into Maine, New Hampshire and Vermont, Acquiring Seacoast Security

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December 18, 2024

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ATLANTA, Dec. 18, 2024 /PRNewswire/ — Pye-Barker Fire & Safety – the largest fully integrated and full-service fire protection, life safety and security services provider in the United States – has acquired Seacoast Security, a Northeast leader in security systems, fire alarms and video surveillance with eight locations in Maine, New Hampshire and Vermont. These locations will be Pye-Barker’s first in these three states, marking important milestones for the company. By partnering with values-aligned organizations like Seacoast, Pye-Barker is in nearly every continental state.

“The decision to join Pye-Barker came after thoughtful consideration for all those we serve and the legacy of Seacoast.”

Since 1976, under the oversight of H. David Haynes, Seacoast Security has built a strong reputation for excellence in the industry, specializing in integrated security systems, fire detection and alarms, CCTV and access control. Today’s owners, Stephen and Scott Haynes, started as technicians and have upheld their father’s commitment to prioritizing relationships with customers, team members and communities.

“The decision to join Pye-Barker came after thoughtful consideration for all those we serve and the legacy of Seacoast Security,” said Seacoast Co-owner Scott Haynes. “We’re grateful to our loyal customers, 94 dedicated employees and trusted partners who have supported us throughout this journey, and we believe all will benefit from continued success and innovation under Pye-Barker’s leadership.”

“This new partnership will enhance the company’s growth and bolster our ability to continue offering high-quality security products and services,” added Co-owner Stephen Haynes. “We are confident that Pye-Barker shares our values and will continue to build on the strong foundation we have established.”

“Pye-Barker is committed to honoring the legacies of the owners and families who choose to join us,” said Pye-Barker CEO Bart Proctor. “Together, we are stronger in our shared goals to serve our communities with pride, provide for our teams and protect our communities.”

Seacoast’s highly qualified team will continue to serve customers in New England, delivering the same quality service and dependability.

In the transaction, Barry Epstein of Vertex Capital represented Seacoast, and Nelson Mullins Riley & Scarborough LLP represented Pye-Barker.

About Pye-Barker Fire & Safety

The U.S. leader in fully integrated life safety systems, Pye-Barker Fire & Safety provides complete fire protection and security systems nationwide. With over 230 locations and 7,000 team members nationwide, Pye-Barker ranks No. 849 on the Inc. 5000 and No. 8 on the SDM 100.

Visit pyebarkerfs.com/acquisitions to learn why we’re the industry’s acquirer of choice.

Contact:
Eric Garner
Chief Business Development Officer
801.395.8738
eric.garner@pyebarkerfs.com

Media:
Alycia Volpe
media@pyebarkerfs.com 

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SOURCE Pye-Barker Fire & Safety

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