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.
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.
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.
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.
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.