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Cary Street Partners Announces the Sale of Applied Control Technology

August 11, 2006 - Cary Street Partners served as the exclusive financial advisor for Applied Control Technology, Inc. in connection with its sale to TAC, a subsidiary of Schneider Electric, the world’s power and control specialist. Terms of the deal were not disclosed

Applied Control Technology, headquartered in Raleigh, North Carolina, delivers a broad base of building environment solutions, mainly in North Carolina, with a workforce of 130 employees. Applied is made up of a broad set of business units, including controls, security, fire, mechanical service and heating, ventilation and air conditioning (HVAC). The company provides HVAC and refrigeration systems installations and building automation and control systems integration, service, and support. In addition, Applied provides fire, life safety and security equipment, service, and sales through Applied Systems Technology, a state-licensed fire and security division. Additional offices are located in Charlotte, Kernersville and Greenville, North Carolina.

Cary Street Partners Holdings, LLC is a limited liability holding company that owns 100% of Cary Street Partners LLC, a registered broker-dealer and Member of FINRA/SIPC, and 100% of Cary Street Partners Investment Advisory LLC, a federally registered investment advisor. Cary Street Partners is the trade name used by two separate, registered firms providing securities brokerage, insurance and investment advisory services. Products may not be available in all jurisdictions.