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Megamergers: benefit or pitfall?

Industry leans toward ‘benefit,’ but debate continues
 - 
03/16/2016

YARMOUTH, Maine—Industry consolidation will accelerate this year with two megamergers—the Tyco/JCI deal and the ADT/Protection 1 merger—expected to close by the end of 2016. Does this activity help or hurt the industry? Respondents to Security Systems News’ latest news poll who said massive consolidation is good just barely edged out those who said these megadeals hurt the industry. Meanwhile, another group of respondents said they have other things to worry about.

Monitoring companies foresee benefits from ADT/Protection 1 merger

Five leading monitoring companies share views on megamerger
 - 
03/09/2016

YARMOUTH, Maine—Monitoring companies have an opportunity to attract new business, new dealers and new employees in the wake of the planned ADT/Protection 1 merger, according to five leading monitoring companies who spoke to Security Systems News.

After ADT's news, Ascent stock rises

 - 
Wednesday, February 17, 2016

Ascent Capital Group’s stock price rose yesterday, on news of the ADT/Apollo deal.

I asked Imperial Capital’s Jeff Kessler about the stock’s jump and he characterized it as a “knee jerk reaction to the fact that the only other company in the United States that’s public, being traded, is being taken over.”

Yesterday (Feb. 16) Ascent’s stock price rose as high as 49 percent over its previous close of (Feb. 12) of $8.27 per share.  Yesterday’s high was $12.29. The stock closed at $11.00 and had been hovering around that price today.

Ascent’s stock price has been declining over the last 12 months. This time last year the stock price was $47.50.

Kessler pointed out that AlarmForce, another publicly traded alarm company, also saw a small increase after the news of ADT’s acquisition agreement. “If ADT is taken private [Alarm Force and Ascent] will be the only two publicly traded alarm companies,” he said.

Ascent Capital Group is a more well known peer to ADT, Kessler said, which is why Ascent’s price was affected more than that of AlarmForce.

“It will certainly have more people eyeing Ascent, to see whether or not there is some value in the Ascent monitoring capability for another buyer,” Kessler said. “Certainly I would think that private equity firms are looking at Ascent, because the stock has fallen down so far … but there’s no guarantees.” 

Apollo to buy ADT for $6.9 billion, combine with Protection 1

Tim Whall to be CEO of combined business, which will operate 'primarily under the ADT brand.'
 - 
02/16/2016

BOCA RATON, Fla.—Apollo has landed again. After years of rumors that ADT would be acquired by one entity or another, the home and business security giant today announced it has agreed to be acquired by Apollo Global Management for $6.9 billion ($42 per share). Apollo plans to combine ADT with Protection 1 and, according to an ADT news release, “will operate primarily under the ADT brand.”

Protection 1 buys Cam Connections

Cam Connections has loss prevention expertise, many ‘leading business customers’
 - 
06/02/2015

LAKELAND, Fla.—Protection 1 announced today that it is buying Cam Connections, (CCI) a full-service integrator based here. The acquisition comes in the midst of Protection 1 being acquired by Apollo Global Management, but it’s still closing deals on its own.

Apollo lands Protection 1, ASG

Whall: Combined company will be ‘a force in the marketplace’
 - 
06/01/2015

NEW YORK—Apollo Global Management is about to take one giant leap into security with its May 19 agreement to acquire Protection 1 and ASG Security.