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Canadian co. buys into biz

Union Energy signs agreement to acquire full-service alarm firm Protectron
 - 
08/01/2005

TORONTO--In late June, UE Waterheater Income Fund, through its Union Energy operating unit, entered into an agreement to purchase full-service security company Gestion Protectron for CDN 135 million ($109 million).
Founded in 1988 and headquartered in Montreal, Protectron--a company that added 40,000 accounts to its base when it acquired Protection One Canada from Westar Energy in 2002--accounts for approximately 176,000 residential, commercial and wholesale subscribers in Quebec, Ontario and British Columbia.

Brink's celebrates another branch grand opening

SSN Staff  - 
08/01/2005

IRVING, Texas--Brink's Home Security opened the doors to its new office in south Atlanta in late May. It is the second branch to open for the company in the past eight months.

AlarmForce's revenue exceeds $6M

Brief
SSN Staff  - 
08/01/2005

TORONTO--AlarmForce announced its revenue in the first six months of 2005 exceeded CDN 8 million ($6.55 million).

Protection One continues to unload

 - 
08/01/2005

LAWRENCE, Kan.--Protection One continued to reduce its indebtedness in late June as the company cut down its existing debt by $15 million, while at the same time expanding its operations in both the residential and commercial sectors.

First Alarm solidifies reach with acquisition

 - 
08/01/2005

APTOS, Calif.--Two competing independent alarm businesses are consolidating efforts in a move that will solidify the combined entity's position as one of the largest security companies in the Monterey Bay region of California.

Microtec gets the OK, announces CFO resignation

Brief
SSN Staff  - 
08/01/2005

ST. AUGUSTIN, Quebec--After struggling to reorganize the company for three years amid debt it acquired during the mass marketing age, Microtec Enterprises' shareholders approved a recapitalization plan in June that makes Microtec a wholly owned subsidiary of First National AlarmCap.

Road to recovery

Brief
SSN Staff  - 
07/01/2005

ST. AUGUSTIN, Quebec--Microtec's restructuring plan met court and creditor approval in May.

Relocations abound: Security company expands again

Brief
SSN Staff  - 
07/01/2005

MIAMI--In late May, BellSouth Security Systems from Protection One announced the relocation of its Miami area office to a new, larger facility at 7255 Corporate Center Drive.
The expansion was necessary to accommodate the firm's growing commercial and residential sales staff.

N.Y. AG's office nails co. for automatic renewals

 - 
07/01/2005

NEW YORK--In late April, New York Attorney General Eliot Spitzer announced a settlement with a White Plains, N.Y.

Safeguard plays a role in TV series

Brief
SSN Staff  - 
07/01/2005

SCOTTSDALE, Ariz.--Safeguard Security and Communications, a full-service security provider here, provided the security system for a new veterans center in Northeastern Arizona on the ABC show Extreme Makeover: Home Edition.

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Poll

SSN News Poll September 2014

Some new door-knocking scams recently prompted the Electronic Security Association to update its code of ethics to specifically ban them. Also, ADT this summer is offering up to $25,000 to whistleblowers who expose security companies that train sales teams to use deceptive selling techniques. What do you think are the best ways to combat door-to-door sales scams?

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