Viad Corp Sells GES Business to Truelink Capital for $535 Million

Truelink Capital to Acquire Johnson Controls’ Global Intrusion Products Business

October 30, 2026

Manufacturing

Truelink Capital entered into a definitive agreement to acquire Johnson Controls’ global intrusion products business, which makes intrusion detection and alarm communication products under brands including DSC, Qolsys, PowerG, Visonic, Bentel and Sur-Gard. The business is expected to operate independently under Truelink’s ownership, with the buyer planning investment in product development, engineering and market expansion; closing is expected in the first half of 2027.

Truelink Capital Acquires R/GA from Interpublic Group

March 3, 2025

Marketing & Advertising

Truelink Capital, a private equity firm, has acquired R/GA, the creative innovation company, from Interpublic Group. Financial terms were not disclosed; Interpublic said the sale lets it sharpen focus on its core strategic offerings.

Truelink Capital Acquires Ansira

December 1, 2023

Marketing & Advertising

Truelink Capital has acquired Ansira, a global marketing technology and services company known for its channel, website and advertising platforms. The acquisition provides Truelink a platform to accelerate Ansira's growth, expand its proprietary tech and services offerings, and pursue future strategic acquisitions.

Truelink Capital Acquires Richardson Sales Performance

July 24, 2023

Professional Services

Truelink Capital, a Los Angeles-based middle-market private equity firm, has acquired Philadelphia-based Richardson Sales Performance, a global sales training and performance-improvement firm founded in 1979. Truelink said it will support Richardson's growth through strategic investments, organic expansion and further M&A while Richardson's existing management team remains in place.

SES Acquires DRS Global Enterprise Solutions (GES) for $450 Million

August 1, 2022

Telecommunications

SES has signed a definitive agreement to acquire DRS Global Enterprise Solutions (GES), a US-based subsidiary of Leonardo DRS, for $450 million. Upon completion—targeted for the second half of 2022 pending regulatory approvals—GES will be combined with SES Government Solutions (SES GS) to expand and enhance satellite communications integration and advanced multi-orbit network solutions for US Government customers.

Global Eagle Entertainment Sold to First‑Lien Investor Group Following Chapter 11

March 23, 2021

Telecommunications

Global Eagle Entertainment completed a court‑approved sale of substantially all of its assets to a group led by its first‑lien investors, emerging from Chapter 11 with new ownership and $217.5 million of exit financing. The transaction reduced the company's debt, provided fresh liquidity, and refocused operations on mobility markets (aviation, maritime and energy), while its legacy NGO and African fixed‑site land operations were sold to Marlink AS.