Tag: ADT Commercial
Everon acquires Kentucky-based Newtech Systems
December 6, 2023SSN Staff
BOCA RATON, Fla.—Everon, also known as ADT Commercial, has completed its first acquisition since establishing itself as a standalone company with the purchase of Newtech Systems, based out of Ashland, Ky.
This marks the first M&A activity for Everon since GTCR’s acquisition of the company in October, and makes steps towards delivering on the company’s objectives for growth and geographic expansion.
“This is a huge moment for Everon, and we’re so excited...
Everon reveals post-acquisition leadership team
November 15, 2023SSN Staff
BOCA RATON, Fla. – Everon, formerly ADT Commercial, has announced its executive leadership team following the recent completion of its acquisition by GTCR.
Everon began the process of divestiture and rebranding earlier this year in August. ADT sold the division to the GTCR private equity firm for approximately $1.5 billion. Now the organization has revealed the organization of its executive leadership team — led by Dan Bresingham as chief executive officer.
Bresingham is a veteran...
ADT to release third quarter 2023 results
October 23, 2023SSN Staff
BOCA RATON, Fla. – ADT has announced that it will release its third fiscal quarter 2023 financial results before the market opens on Thursday, Nov. 2, 2023.
Following the release, management has stated it will host its conference call at 10 a.m. ET to discuss the financial results and lead a question-and-answer session.
Pertinent topics for the call will likely include the company's recent sale of ADT Commercial to private equity firm GTCR. ADT Commercial rebranded as Everon...
ADT completes sale of commercial division, ADT Commercial rebrands to Everon
October 2, 2023SSN Staff
BOCA RATON, Fla. – ADT has completed what it began in early August of this year, with the divestiture of its commercial division and ADT Commercial rebranding to Everon as part of its acquisition by private equity firm GTCR.
The commercial security, fire and life safety provider and integrator announced today that it will move forward as a standalone organization and rebranded as Everon. The proceeds of the sale nets ADT approximately $1.5 billion, which significantly reduces...
SSN interview with ADT Commercial President Dan Bresingham
September 25, 2023Ken Showers, Managing Editor
DALLAS – Security Systems News (SSN) spoke with ADT Commercial President Dan Bresingham at GSX about its sale to private equity firm GTCR and what comes next for them.
This interview has been edited for length.
SSN: Can you tell us what you have going on for GSX this year, Maybe tell us a little bit about the recent big news you had.
DAN BRESINGHAM: Yeah, we've had a great run. So, we've kind of created ADT Commercial back in 2020. That was our birthday...
SSN News Poll: uncertainty surrounds ADT sale
September 15, 2023Ken Showers, Managing Editor
YARMOUTH, Maine – Last month, ADT made the decision to sell its commercial business, and Security Systems News (SSN) asked readers to chime in and show how that decision is being received.
From interviews at GSX this week, ADT Commercial has made it clear that its excited about the sale, upcoming name change that has yet to be revealed, and the future potential of the company. The readers' response to the decision by parent company ADT to focus on residential, however, was...
'Exciting road ahead' as ADT doubles down on residential, small business
August 8, 2023Ken Showers, Managing Editor
BOCA RATON, Fla. – ADT shook things up by preempting its second fiscal quarter 2023 earnings call with the news that the company is divesting itself of its commercial business.
As reported earlier by Security Systems News the company has entered into a definitive agreement to sell its commercial security, fire and life safety business unit to private equity firm GTCR for a purchase price of $1.6 billion. The transaction has been approved by the company’s board of directors and is expected...
ADT sells commercial business for $1.6 billion to private equity firm
August 8, 2023SSN Staff
BOCA RATON, Fla.—On the heels of reporting its Q2 financial results, ADT made a huge announcement this morning, entering into a definitive agreement to sell its commercial security, fire and life safety business unit to private equity firm GTCR for a purchase price of $1.6 billion.
Proceeds from the sale, which is expected to close in the fourth quarter of 2023, will be used to reduce debt by $1.5 billion, with cash interest savings expected to offset the impact of divesting the commercial...
ADT Commercial launches Everon at NRF PROTECT
June 5, 2023SSN Staff
GRAPEVINE, Texas – ADT Commercial launched the rebrand and redesign of its customer engagement platform, Everon, on June 5 at the National Retail Federation (NRF) PROTECT event.
The modernization of Everon, formerly known as eSuite, has been driven by years of direct customer feedback according to ADT, as a result Everon touts having a more intuitive, user-friendly experience that boasts a host of new features, system efficiencies, mobile responsiveness and supportive, self-service functions.
“Everything...
ADT Commercial enters guarding space with launch of EvoGuard brand at CES 2023
January 5, 2023SSN Staff
LAS VEGAS—ADT Commercial, a security integrator and provider of commercial security, fire and life safety services in the U.S., unveiled its new EvoGuard intelligent autonomous guarding solutions brand at CES 2023.
EvoGuard by ADT Commercial is a new suite of intelligent autonomous guarding solutions and services aimed at helping to cost-effectively enhance corporate security programs, while responding to high turnover rates and ongoing labor shortages in the guarding market.
EvoGuard...