ARLINGTON, Mass.—American Alarm and Communications is having a banner year: The company has acquired a bolt-on in its backyard that adds density and boosts the company’s service capabilities, and it ended its fiscal year with revenues that exceeded expectations.
GAINESVILLE, Fla.—Founded by a microbiologist and a special education teacher, Crime Prevention Security Systems wasn’t your typical security company when it began 38 years ago and it still stands out from others today.
HOLLYWOOD, Fla.— Devcon Security has undergone dramatic changes in the past few years: a rapid expansion, then an even faster downsizing and also a management shake-up. Now, an even bigger change—ADT’s announcement today that it has signed a deal to acquire Devcon for $148.5 million—is a welcome one, Devcon CEO Steve Hafen told Security Systems News.
BOCA RATON, Fla.—The ADT Corp. announced this morning that it plans to acquire Devcon Security from Golden Gate Capital for $148.5 million. The deal—ADT’s first major acquisition since spinning off from Tyco International last fall—brings 117,000 accounts and $3.6 million of RMR. The transaction is expected to close in early August, Naren Gursahaney, ADT CEO, said during an investor call today.
ATTLEBORO, Mass.—Former New England Patriots tight end Aaron Hernandez is holding what authorities have said is a gun in several surveillance photos recorded hours before—and minutes after—his friend was shot to death, according to an Associated Press report.
NEW YORK—Canary is the name of a security startup here—and like a canary in a coal mine the company has been testing this week to see if it could raise enough money through crowdfunding to launch what has been dubbed as “the first affordable home security system that can think for itself.” The answer is a resounding yes.