Tag: acquisition

SHAUMBURG, Ill.—Convergint Technologies, a global leader in service-based systems integration, announced it has closed on the acquisition of Custom Vault Corp., which includes its BranchServ and CustomVault divisions. Convergint is an emerging leader in security for the financial market, holding service-based agreements with 17 of the 20 largest banks in the United States. With this acquisition, the company will have an expanded capability to assist financial institutions in improving operational...

CALHOUN, Ga.—With the recent acquisition of Priority One Security Inc., Owen Security Solutions continues to grow and expand its reach, adding three new employees, 750 accounts and $34,000 in RMR.Owen Security President and Security Systems News’ 20 under 40 Class of 2017 Alumni Justin Owen recently spoke with SSN about making an acquisition — and steering the company — during unprecedented times.“We worked alongside some wonderful people during this recent acquisition and we...

DALLAS—Monitronics International, Inc. and its subsidiaries, which includes Brinks Home Security, announced it has acquired approximately 114,000 residential alarm monitoring contracts from Protect America, Inc., totaling approximately $4.6M in recurring monthly revenue (RMR). “This transaction fits neatly into our philosophy of acquiring profitable accounts at scale and holding them for life,” William Niles, interim CEO, Brinks Home Security, said in the announcement. “The company [Brinks...

PITTSBURGH and GLENVIEW, Ill.—On Jan. 6, after a month-long bidding war with an affiliate of private equity firm Clayton, Dubilier & Rice, which first proposed purchasing Anixter for $3.8 billion in October 2019, the Glenview, Illinois-based company announced a merger agreement with Pittsburgh-based WESCO International.Boards of both Anixter and WESCO unanimously approved a $4.5 billion cash-and-stock deal, according to the announcement. The agreement needs shareholders' and regulators' approvals,...

SAN DIEGO—On January 10, 2020, Trackforce Valiant, an all-in-one solution to automate security workforce management, announced its acquisition of Silvertrac Software, Capterra's security guard management software, to expand its portfolio in the security guard market.“Our acquisition of Silvertrac follows Trackforce Valiant's strategy of providing guard firms of all sizes with a purpose-built solution to run their business,” George Wright, Trackforce Valiant CEO, said in the announcement....

BOCA RATON, Fla.—ADT, a smart-home security provider serving residential and business customers, has taken another step to reduce false alarms and improve emergency response by acquiring I-View Now, a leading video alarm verification service.“ADT is a purpose-driven company,” Jim DeVries, president and CEO, ADT, said in the announcement. “We believe everyone deserves to feel safe, which means we are always looking for opportunities to invest in new technologies that keep us...

There's been a lot of activity with ADT Commerical lately and it looks like the commercial side of business continues to grow organically and through acquisition. ADT Commerical recently acquired Design Systems Group and purchased Systems Group and Fusion Fire Protection to further broaden its commercial presence. In fact, ADT's commerial side of the business now accounts for nearly $1 billion in revenue. Here's a little bit about each of the acquired companies and what each company's president has...

NEW HAVEN, Conn.—ASSA ABLOY has acquired LifeSafety Power, a leading U.S. supplier of smart integrated access control power solutions for OEMs, integrators and end-users."I am very pleased to welcome LifeSafety Power into the ASSA ABLOY Group. LifeSafety Power constitutes a strategic addition to the Group and reinforces our position in access control solutions,” Nico Delvaux, president and CEO of ASSA ABLOY, said in the announcement.LifeSafety Power was established in 2009 and has some...

WILMINGTON, Del.—To further serve established and prospective clients, B Safe Security, a regional provider of security and fire alarms in the Delaware, Maryland, New Jersey and Pennsylvania areas that publicly does business as B Safe Security, recently announced its acquisition of Securitech, Inc. of Wilmington, Del. and DC Security Systems of Toms River, N.J. John Colehower of Mergers & Acquisitions, LLC facilitated these acquisitions.“The purchase of these two companies gives B Safe,...

CHICAGO—Motorola Solutions, Inc. announced recently that it has acquired VaaS International Holdings Inc. (VaaS), a data and image analytics company, for $445 million in a combination of cash and equity.VaaS, a “video analysis as a service” company, is a global provider of data and image analytics for vehicle location. The company's image-capture and analysis platform, which includes fixed and mobile license plate reader cameras driven by machine learning and artificial intelligence,...