Skip to Content

Tag: Apollo Global Management


Commercial

ADT vote on acquisition April 22

April 4, 2016SSN Staff

BOCA RATON, Fla.—ADT stockholders will gather April 22 for a special meeting to vote on the proposed acquisition of ADT by Apollo Global Management. ADT announced in February that it had agreed to be acquired by Apollo for $6.9 billion. Apollo plans to merge ADT with Protection 1.The special meeting will be held at 9 a.m. in the main dining room at the New York Stock Exchange. ADT stockholders of record as of the close of business on March may vote.ADT on March 28 announced the expiration of...

ADT, Apollo Global Management, Protection 1, stockholder meeting


Read Full Articlered right arrow icon

Commercial

ADT/Protection 1 merger gets FTC go-ahead

March 11, 2016Martha Entwistle

BOCA RATON, Fla.—The ADT/Protection 1 merger passed one regulatory hurdle this week when the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).ADT announced that it received the FTC go-ahead on March 9. The acquisition of ADT by private equity group Apollo Global Management and planned merger with Protection 1 was announced Feb. 16.The deal, which is expected to close in June, is still subject...

ADT/Protection 1 merger, Apollo Global Management, FTC, regulatory approval


Read Full Articlered right arrow icon

On The Editor's Desk

Apollo lands Protection 1, ASG

May 20, 2015Martha Entwistle

Apollo Global Management is about to take one giant leap into security with its May 19 agreement to acquire Protection 1 and ASG Security. Under the agreement, the combined companies will operate under the Protection 1 brand, with Protection 1 CEO Tim Whall at the helm. Security Systems News reported on the proposed deal last week. Here's that story. I had a chance to interview Protection 1 CEO Tim Whall, CMO Jamie Haenggi and ASG's CEO Joe Nuccio last night. I was looking for details about how the...

Apollo Global Management, ASG Security, Barnes Associates, Jamie Haenggi, Joe Nuccio, Michael Barnes, Protection 1, Tim Whall


Read Full Articlered right arrow icon

On The Editor's Desk

Thoughts on a potential ASG-Protection 1 merger

May 13, 2015Martha Entwistle

YARMOUTH, Maine—How about the news this week of a purchase of and merger of ASG and Protection 1? I'm eager to see how this all shakes out. Taking a look at the potential 50.4x RMR mulitiple if the purchase price is $2 billion, Imperial Capital's Jeff Kessler repeated his oft-emphasized mantra that the multiple of RMR is not the be-all end-all of deal valuations. You need to look at EBITDA and Steady State Cash Flow, neither of which publicly available for these companies right now. It's a...

Apollo Global Management, ASG, Protection 1


Read Full Articlered right arrow icon

Commercial

PE firm wants to combine Protection 1 and ASG

May 12, 2015Martha Entwistle

NEW YORK—Apollo Global Management, a $163 billion private equity group, is in talks to acquire Protection 1 and ASG, with the goal of combining the two companies, a source close to the deal told Security Systems News.Nothing has been finalized in the deal, the source said. Final bids for ASG were due May 11. “Two viable parties, one of which is Apollo,” are bidding on ASG, the source said.“Apollo Global Management is one of the top three largest private equity funds today...

Apollo Global Management, ASG Security, GTCR, Imperial Capital, Jeff Kessler, Protection 1, Rueters


Read Full Articlered right arrow icon