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.
ATLANTA—Tech Systems Inc. has organized study groups and boot camps to help its employees get professional education certifications such as the ASIS CPP and PSP. It will even pay for books and test registration fees.
CHAMPAIGN, Ill.—After several years of searching, F.E. Moran finally found an equity partner that offers what CEO Brett Bean calls “access to permanent capital,” something that’s not common in the security industry and that will allow the systems integrator to expand into four new states in the near future.
SCHAUMBURG, Ill.– Convergint Technologies, a global systems integrator based here, today announced the acquisition of Dakota Security Systems, one of the fastest growing and most well respected systems integrators in the country.
Some companies this year have discussed the benefit of moving from operating their own central stations to partnering with a third party monitoring center, including RFI Communications, Red Hawk Fire & Security and Comtronics. Will more companies switch to using wholesale centrals?