Tag: Ed Ardetti
Tyco acquires Broadview/Brink's for $2B
January 19, 2010Martha Entwistle
SCHAFFHAUSEN, Switzerland, and IRVING, Texas--ADT's parent company, Tyco International, announced this week that it will acquire Broadview Security, formerly Brink's Home Security, for $2 billion. The exact multiple paid for the transaction appears to be in the mid 40s, though discussions continue on that topic.
Tyco plans to combine Broadview with its ADT security business, the largest alarm company in North America. Broadview Security will be rebranded under the ADT name. This will be the second...