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Tag: acquisition


Bates Security acquires Florida-based Performance Security

Commercial

Bates Security acquires Florida-based Performance Security

February 2, 2023SSN Staff

LEXINGTON, KY – Bates Security has acquired the Jacksonville, Florida based Performance Security the company announced. This acquisition marks Bates’ third in recent months. The company said that adding Performance Security to its portfolio will further strengthen its presence in the Jacksonville and greater northeast Florida market. “Through my 35 years of providing service to my family of customers, relationships have been formed. But it is time for me to retire and enjoy...

acquisition, Bates Security, Bill Downing, dba Dynamark, Island Security, Performance Security, Southtech Integration


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Also Noted

Sting Alarm acquires Shield Fire and Security

January 12, 2023SSN Staff

LAS VEGAS – Sting Alarm announced the acquisition of Las Vegas-based residential and commercial company Shield Fire and Security. Founded in 2009 by John Verville, Shield Fire and Security provides its customers with the highest-quality safety and security solutions, Sting Alarm stated in the official release. Sting gains all of Shield’s customers immediately and will begin servicing them during the transition. “We are pleased to expand our residential and commercial...

acquisition, alarm integrator, commercial, John Verville, Jon Perry, Nexsys, Residential, Security Solutions, Shield Fire and Security, Signal Fire, Sting Alarm


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Pye-Barker Fire & Safety expands alarm division through acquisition of Bevan Security Systems

Commercial

Pye-Barker Fire & Safety expands alarm division, acquires Bevan Security Systems

January 12, 2023SSN Staff

ATLANTA – Pye-Barker Fire & Safety has acquired New Jersey-based Bevan Security Systems, giving the company even more comprehensive security and alarm services in its portfolio.  This expansion to Pye-Barker's alarm division enhances the company’s offerings in the New Jersey area. Thanks to its recent aggressive growth, Pye-Barker has become one of the leading fire and safety companies in the northeastern United States, it claims. For Pye-Barker, the acquisition...

access control, acquisition, alarm services, Bart Proctor, Bevan Security Systems, Phillip Gardner, Pye-Barker Fire & Safety, Randall J. Bevan, Reliable Alarms Systems, Security, Surveillance Systems


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Qognify acquired by Hexagon AB

General News

Qognify acquired by Hexagon AB

December 19, 2022SSN Staff

PEARL RIVER, N.Y. – Physical security and enterprise security solutions provider Qognify has announced its acquisition by digital reality software company Hexagon AB. Hexagon AB acquires the company from previous owner, tech-focused investment firm Battery Ventures. It was in 2015 when Battery Ventures acquired the physical security division of NICE Systems that Qognify was formed. Qognify went on to take On-Net Surveillance Systems into the fold in 2018 becoming a key player in the...

acquisition, Battery Ventures, digital reality software, enterprise security solutions, Hexagon AB, incident management (EIM), NICE Systems, Ola Rollén, On-Net Surveillance Systems, physical security, Qognify, Steve Shine, video management (VMS)


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NRG Energy Inc. to acquire Vivint Smart Home Inc.

Residential

NRG Energy Inc. to acquire Vivint Smart Home Inc.

December 6, 2022SSN Staff

HOUSTON & PROVO, Utah – NRG Energy Inc. has entered into an agreement to acquire Vivint Smart Home Inc. for $12 per share, or $2.8 billion in cash.   NRG says the acquisition positions them as the leading essential home services provider and accelerates their growth plan. “Last year at our Investor Day, we presented our strategic roadmap to becoming the leading provider of essential services for homes and businesses, informed by consumer trends and underpinned by disciplined...

acquisition, alarm.com, CPI Security, david bywater, EBITDA, home services provider, Mauricio Gutierrez, NRG Energy Inc., smart home, Vivint Smart Home Inc.


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Pye-Barker acquires ComTronix, expands footprint in Wyoming

Commercial

Pye-Barker acquires ComTronix, expands footprint in Wyoming

November 9, 2022Ken Showers, Managing Editor

ATLANTA – It has been a busy year of growth for the Pye-Barker alarm division and its latest acquisition gives no hint of slowing down. On Nov. 9, Pye-Barker announced the acquisition of Wyoming-based ComTronix, a residential security and fire alarm monitoring company. In a release, Pye-Barker stated that this acquisition expands its footprint within Wyoming and further strengthens its growing alarm division. In particular they hope this acquisition will enhance its communication...

acquisition, Bart Proctor, Bruce Kopperud, ComTronix, Eric Garner, fire alarm monitoring, Pye-Barker, Residential Security, Richard Fisher, Rob Dobler, Scott Taylor, security alarm monitoring


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Convergint closes on BranchServ and CustomVault acquisition

Commercial

Convergint closes on BranchServ and CustomVault acquisition

May 4, 2021SSN Staff

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...

acquisition, Convergint Technologies


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Commercial

Acquiring during the pandemic

July 8, 2020Paul Ragusa

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...

20 under 40: Class of 2017, acquisition, Coronavirus, COVID-19, Justin Owen, Owen Security Solutions


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Residential

Brinks Home Security’s bulk acquisition of contracts

June 23, 2020SSN Staff

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...

acquisition, Brinks, Brinks Home Security, Monitronics International, Protect America


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Suppliers

Anixter accepts $4.5 billion buyout offer from WESCO

January 15, 2020SSN Staff

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,...

acquisition, Anixter, Bill Gavin, John Engel, Sam Zell, WESCO


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