Parallel Technologies Acquires Building Systems Solutions

Acquisition of Nebraska-based building intelligence company expands
Parallel’s expertise and magnifies customer reach

MINNEAPOLIS–(BUSINESS WIRE)–Parallel
Technologies
, an industry-leading reliable data center and
intelligent building solutions company, today announced the acquisition
of Omaha, Nebraska-based Building
Systems Solutions
(BSS). The privately-held company specializing in
Building Automation Controls & Energy Management solutions was purchased
for an undisclosed amount. The company’s 11 employees will continue to
work out of an office in Omaha.

“Building automation is critical component of our Intelligent Building
practice and a great complement to our business,” said Parallel
Technologies CEO and President, Dale Klein. “The key to designing a
truly intelligent building solution requires a thorough understanding of
a myriad of components that constitute building infrastructure such as
HVAC, network, security, controls and automation, communications and
much more. Through the acquisition, Parallel is better positioned to
lead in comprehensive solutions for smart buildings.”

With the addition of BSS, Parallel Technologies’ is investing in the
expansion of its HVAC and building controls capabilities. The BSS
business will be incorporated into the company’s existing Intelligent
Building division which currently offers physical security, audio
visual, intelligent LED lighting, structured cabling, digital signage,
wireless infrastructure, distributed antenna systems and managed
services.

“Parallel has the infrastructure and resources necessary for BSS to
expand beyond our current capabilities and reach,” explains Building
Systems Solutions founder Jay Stark. “The addition of our building
automation controls and energy management expertise positions Parallel
for significant growth within its Intelligent Building division as well
as foothold for expansion of its Data Center business in the Omaha area.”

Following the acquisition, Stark will retain a key leadership role in
refining Parallel’s Intelligent Building strategy and expanding the
company’s footprint in the region.

“Jay and his team have a rich and diverse set of clients and bring with
them to Parallel unmatched experience in developing and implementing
intelligent building solutions,” said Klein. “As well as expanding our
existing capabilities, the acquisition of BSS will serve as a
springboard for expanding our geographic reach as well as our entry into
new markets and industry segments.”

BSS was incorporated by Jay Stark in 2009. For nearly ten years, BSS has
worked with companies in the Omaha area as well as throughout the United
States. BSS has completed projects for companies representing a wide
spectrum of industries including the Metropolitan Community College,
Noresco, Omaha Public Power District, Scott Data Center, United States
Coast Guard, US Foods, Valmont Industries, Zurich Insurance Group.

BSS maintains reseller partner relationships with Siemens (Talon
Building Control System
), Tridium (Niagara
4
) and Honeywell (WEBs-AZ).
Additionally, the BSS team has a high degree of experience with other
systems including Barber-Colman, Invensys, Carrier, Johnson Control, and
Trane and has Certified Energy Managers and IT Professionals on staff.

About Parallel Technologies
Founded in 1983, Parallel
Technologies
has evolved into an industry leader in facilities and
IT infrastructure. A single-source provider of complete solutions for
reliable data centers and intelligent buildings, Parallel Technologies
helps clients define their needs and delivers results through superior
engineering and technology. Named to the Star Tribune’s list of
the “Top Workplaces in Minnesota” in 2016, Parallel Technologies also
received recognition from the Minneapolis-St. Paul Business Journal as
aFast 50 Growing Private Companies” in 2007, 2013 and 2015.
The privately-held company has 120 employees and is headquartered in
Eden Prairie, Minn. with an office in Omaha, Neb.

Contacts

plural i
Eva Keiser, APR, 612-940-4254
Eva@theplurali.com