DULUTH, Ga.—Systems integrator Tech Systems Inc., based here, is actively working to expand its business in Canada and has hired Antoinette Modica as GM of TSI Canada to work with current TSI Canadian customers and to oversee the expansion across the country
BOCA RATON, Fla.—The ADT/Protection 1 merger passed one regulatory hurdle this week when the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).
DENVER—Mountain Acquisition Company, a Denver- based holding company, in February acquired Eagle Security Systems, a $2 million, 20-employee residential and commercial security provider based in Chico, Calif.
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.”
UNIONTOWN, Ohio—Securitas Electronic Security, formerly Diebold Security, today announced two new senior staff members. Ina Staris has been appointed VP, legal, general counsel & secretary, and Pete Straka has been appointed VP, human resources.
NEW YORK—The purchase of Worldwide Security by Novidam Capital Partners is the latest example of a “search fund” acquisition deal, a specialized finance model that brings entrepreneurs into the security industry.