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Tag: Blackstone


General News

Vivint owners sell guard company for $1.67 billion

July 8, 2015Spencer Ives

NEW YORK—Blackstone, a private equity firm based here, recently announced the $1.67 billion sale of security guard company AlliedBarton to Wendel, a Paris-based private equity group. AlliedBarton is now looking at acquisitions, Robert Perry, president and CEO of Robert H. Perry and Associates, told Security Systems News.Perry said the deal will impact the entire industry. “I think it's very positive for the industry … I think it's going to attract a lot more investors to the industry...

AlliedBarton, Blackstone, Robert H. Perry & Associates, robert perry, Wendel


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General News

Vivint owners sell AlliedBarton for $1.67 billion

June 30, 2015SSN Staff

NEW YORK—Blackstone, a private equity firm based here, today announced the $1.67 billion sale of security guard company AlliedBarton to Wendel, a Paris-based private equity group.Blackstone, which owns Vivint, first discussed selling AlliedBarton in March. The estimated value of the company was then $1.5 billion. The deal is expected to be closed in the third quarter of this year.“We are very excited to join Wendel,” Bill Whitmore, chairman and CEO of AlliedBarton, said in a prepared...

AlliedBarton, Blackstone, Wendel


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Suppliers

Nortek to buy 2GIG for $135m

February 14, 2013Martha Entwistle

PROVIDENCE, R.I.—Nortek, parent company of Linear, announced this morning that it will acquire 2GIG Technologies for $135 million.2GIG, known for its Go!Control system, is a manufacturer of security and home automation equipment. The company was launched in 2009 by two former Honeywell employees.Nortek's Linear business helped develop the 2GIG Go!Control product. Linear was in the news a couple of weeks ago when it purchased a line of Z-Wave-enabled products.“Our partnership with 2GIG...

2GIG Technologies, Blackstone, Duane Paulson, Lance Dean, Linear, Mike O'Neal, Nortek, Todd Santiago, Vivint


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General News

Following the money: Schmidt, Barnes and Christhilf talk deals, valuations and taxes

December 12, 2012Martha Entwistle

YARMOUTH, Maine—A number of big deals happened in 2012: the split-up of Tyco, the acquisition of Vivint and the creation of Securadyne, to name a few. As the end of the year approached, Security Systems News conducted a virtual roundtable with industry experts about the deals that went down and those that did not. How did valuations compare to 2011, and were buyers' and sellers' expectations matching up?Weighing in on these topics were Will Schmidt, managing director of CapitalSource; Michael...

ADT, Barnes Associates, Blackstone, CapitalSource, Michael Barnes, Pamlico Capital, Stuart Christhilf, Vivint, Will Schmidt


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Residential

Vivint to be sold to Blackstone in $2 billion deal

September 18, 2012Martha Entwistle

PROVO, Utah—Vivint has entered into an agreement with the Blackstone Group to be acquired in a deal worth “north of $2 billion,” Todd Pedersen, Vivint CEO, told Security Systems News.“We're pretty happy about it,” he said.The deal, which Security Systems News did some initial reporting on last week, is expected to close before the end of the year.Blackstone will buy out Vivint's current equity partners Goldman Sachs, Jupiter Partners and Peterson Partners. Vivint management,...

2GIG, acquisition, Apx Alarm, Blackstone, commercial security, Residential Security, Security Systems News, sold, Todd Pedersen, Todd Santiago


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