Intrado, a longtime key player in the 911 industry, has sold its safety business to the Stonepeak investment firm for $2.4 billion, but Intrado will retain its Digital Workflows unit, according to a press release issued yesterday.
For more than four decades, Intrado Safety has played a crucial role in delivering 911 calls from citizens to public-safety answering points (PSAPs)—a role it is expected to continue to play under the ownership of Stonepeak, according to Intrado President and CEO John Shlonsky.
“I am pleased that the Safety team will continue to advance their vision as part of the Stonepeak portfolio, benefitting from their experience and success in investing in a wide range of digital infrastructure companies over the past decade,” Shlonsky said in a prepared statement. “I remain excited about Intrado’s future, given Digital Workflows, Notified, and Mosaicx are industry leaders in each market they serve.”
Darrin Reilly, president and CEO of public-safety consulting firm Mission Critical Partners, said he does not believe that Stonepeak’s ownership will have a significant on public-safety answering points (PSAPs) in the near term.
“If [PSAPs] feel any change, I think it will be at least six to 12 months before they would feel it,” Reilly said during an interview with IWCE’s Urgent Communications.