Johnson Controls (NYSE:JCI) announced on October 26, 2026 that it has entered into a definitive agreement to sell its global intrusion products business to Los Angeles-based private equity firm Truelink Capital.

Key Highlights

  • Definitive agreement signed: Truelink Capital has agreed to acquire Johnson Controls' Global Intrusion Products Business, with the transaction expected to close in the first half of calendar year 2027, subject to customary closing conditions and regulatory approvals.
  • Financial terms not disclosed: According to the announcement, financial terms of the transaction were not disclosed.
  • Brand portfolio included: The business encompasses brands DSC, Qolsys, PowerG, Visonic, Bentel, and Sur-Gard, sold primarily through security dealers.
  • Global reach: The business serves dealers, integrators, distributors, and service providers across North America, Latin America, EMEA, and APAC.
  • Fourth platform investment: This transaction marks the fourth platform investment for Truelink Capital Fund II.
  • Prior relationship: The deal follows Truelink's 2024 acquisition of Air Distribution Technologies, Inc., described in the filing as another Johnson Controls carve-out.
  • Advisor named: Evercore served as financial advisor to Truelink Capital in the transaction.

Truelink Capital to Operate Johnson Controls Intrusion Business as Standalone Entity

According to the announcement, Truelink Capital, a private equity firm based in Los Angeles with over $4.3 billion of assets under management, entered into a definitive agreement to acquire the Global Intrusion Products Business from Johnson Controls (NYSE:JCI). The business is described in the filing as "a global leader in the design and production of intrusion detection and alarm communication products, including panels, sensors, and detectors." Its history dates to 1973, with roots in Tyco's acquisitions of DSC and Visonic before becoming part of Johnson Controls through its 2016 merger with Tyco.

Following the close of the transaction, the filing states the business will operate as an independent, standalone company. Truelink indicated it intends to invest in "next-generation panels, sensors, communicators, and interactive platforms," as well as expand engineering capacity, brand and channel programs, and pursue expansion into adjacent and international markets. Todd Golditch, Co-Founder and Managing Partner of Truelink Capital, was quoted in the announcement as seeing "significant opportunity to extend into adjacent product categories and new customer segments, both organically and via strategic add-on acquisitions."

The filing describes the transaction as reflecting Truelink's focus on the industrials and business services sectors, and notes that further investment and organizational announcements are expected in the coming months. The close is anticipated in the first half of calendar year 2027, pending regulatory approvals and customary closing conditions. No purchase price or other financial terms were disclosed in the filing.

What Was Disclosed

Johnson Controls announced a definitive agreement to sell its Global Intrusion Products Business, including brands such as DSC and Qolsys, to Truelink Capital. The transaction is expected to close in the first half of 2027, with financial terms not disclosed.