August 24, 2016 9:59 AM ET

IT Services

Company Overview of SDI Presence LLC

Company Overview

As of June 1, 2016, SDI Solutions LLC was acquired by PGV Solutions Midwest, LLC. SDI Solutions LLC operates as an IT and security systems integration company that develops, installs, and manages critical technologies for enterprises and public entities. The company deploys and manages body worn cameras; deploys and maintains fire alarm systems; designs, deploys, and maintains integrated video cameras; and provides advanced security systems monitoring, security IT managed, and enterprise systems integration services. It also offers end-to-end event management system deployments, including enterprise systems design through implementation; perimeter intrusion detection solutions; computer-aide...

33 West Monroe

Suite 400

Chicago, IL 60603

United States

Founded in 1989

Phone:

312-580-7500

Fax:

312-580-7600

Key Executives for SDI Presence LLC

SDI Presence LLC does not have any Key Executives recorded.

SDI Presence LLC Key Developments

SDI Presence LLC Wins Security Upgrade Project at Charleston's Monrovia Industrial Property

SDI (SDI Presence LLC), has been selected to install the security technology environment for the Raven Cliff company's Pacific Box and Crate project, to enhance the property's access control, video management systems and intrusion detection systems during its redevelopment. The 9.3 acre property, which backs up to U.S. Interstate 26, includes an 80,000-square-foot warehouse that once housed Geer Drug Co. and, more recently, Dixie Box and Crating as well as two new 20,000 square-foot buildings currently under construction. The redeveloped warehouse and new standalone buildings will include both office and restaurant space. SDI will implement new security technology throughout the property, including installing an access control system, cameras, and alarm panels.

Combined Disclosure Statement & Liquidation Plan Filed by System Development.Integration, LLC

SDI Solutions LLC filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on May 24, 2016. As per the plan filed, administrative expense claims, statutory fees, priority tax claims, other priority claims and compensation and reimbursement claims shall be paid in full in cash. Postpetition lender secured claim shall be paid off through credit bid. Other secured claims shall receive collateral securing such claims. SDI Solutions general unsecured creditors shall receive their pro rata share of the beneficial interest in the liquidation trust. Postpetition lender deficiency claim shall not share in any distribution from the liquidation trust. SDI Solutions interests shall be cancelled, and will receive no distribution under the plan. The plan shall be funded from cash in hand and asset sale.

Motion for Asset Sale Approved for System Development.Integration, LLC

The US Bankruptcy Court gave an order approving the sale of substantially all the assets of SDI Solutions LLC on May 16, 2016. The debtor has been authorized to sell substantially all its assets to PGV Solutions Midwest, LLC, the stalking horse bidder for a purchase price of $17 million. The debtor did not receive any other competing bids for the purchase of its assets and therefore PGV Solutions emerged as the winning bidder.

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