Pelco announced the appointment of Brian McClain, as the new President and will lead the recently independent company while the search for a new CEO is finalized.
Leading private equity firm, Transom Capital Group (Transom) announced it has acquired Pelco from Schneider Electric. Pelco is a global leader in the design, development, and manufacturing of predictive video security solutions including cameras, recording and management systems, software, and services.
Pelco is all set to be out of Schneider Electric, as the company has entered into exclusive negotiations with Transom Capital Group, a U.S.-based private equity firm, for the sale of its Pelco business unit.