Tag: fire and life safety
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...
Pye-Barker Fire & Safety acquires AAA Fire Safety & Alarm
August 15, 2023SSN Staff
ATLANTA – Pye-Barker Fire & Safety continues to expand its influence in Utah this month with the acquisition of AAA Fire Safety & Alarm.
Pye-Barker noted that AAA Fire Safety & Alarm serves customers throughout the Intermountain West, where it plays a pivotal role in the company’s full-service offerings in Utah. Thanks to its aggressive acquisition strategy of late, Pye-Barker said that it’s on its way to being the nation's preferred single-source provider of fire and life...
'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...
Altus Fire and Life Safety acquires Crime Intervention Alarm
May 31, 2023SSN Staff
NEW YORK – Full-service fire and life safety platform Altus, backed by private equity firm AE Industrial Partners, has announced its acquisition of Crime Intervention Alarm (CIA).
CIA is an installation, monitoring, inspection and service provider for security and surveillance systems, access control and fire systems that operates out of York, PA, and the greater mid-Atlantic region. Altus announced that current CIA President John Lakatosh would remain with them in an active role following...
The Riverside Company forms third fire and life safety platform
February 28, 2023SSN Staff
NEW YORK – The Riverside Company private investment group is forming its third fire and life safety platform following a pair of acquisitions.
Riverside recently picked up American Service Company (ASC) and Advanced Fire Protection Systems (AFPS), which offer fire and life safety system services to commercial property owners and building managers in eastern Massachusetts and the greater Baltimore/ D.C. area. The company said the combined business will provide those services...
Pye-Barker acquires Metro Fire & Safety Equipment
October 10, 2022SSN Staff
ATLANTA – Pye-Barker Fire & Safety announced the acquisition of Metro Fire & Safety Equipment in New Jersey on Oct. 6, 2022.
The full-service fire and life protection company issued a release on the acquisition stating that Metro Fire & Safety will increase their presence in the state and surrounding region. Their recent additions in the past months which include Integrated Security Group (ISG) and Complete Security Systems (CSS) among others have made them one of the largest fire and...
Allied Universal employee saves toddler’s life
July 13, 2020SSN Staff
SANTA ANA, Calif.—Off-duty Allied Universal security guard and ex-Marine, Phillip Blanks, caught a three-year-old child who was dropped from the third story of a burning apartment building in Phoenix. Blanks was hanging out with a friend when he heard commotion outside. As smoke and flames engulfed the apartment, Blanks saw what was about to happen and ran towards the building to see how he could help. Within moments, he had a toddler in his arms. “I’d seen the building was on fire and...
Cove and RapidSOS partnership benefits home security industry
July 9, 2020SSN Staff
NEW YORK, NY—Utah-based, DIY security company, Cove, offering premium home security and now certified as RapidSOS Ready, is capable of sending life-saving, home-security data directly to 911 centers to empower the fastest, most effective emergency response, as opposed to verbally relaying all critical information from the monitoring center to 911 centers. Noted in the announcement, according to 911 dispatchers this could save three to four minutes in the emergency response process and eliminate...
ADT maintains the safety of customers and employees
March 24, 2020SSN Staff
BOCA RATON, Fla.—Today, ADT provided an update on the measures it is taking to respond to the COVID-19 health crisis.
“As COVID-19 is testing our nation's resolve, it's also bringing out the best in many people and businesses, and this is especially true at ADT,” Jim DeVries, president and CEO, ADT said in the announcement. “I've seen a tremendous outpouring of compassion and commitment from our team members to support each other and help keep our customers safe. With the...
Huron Capital's Sciens Building Solutions acquires Critical System Solutions
August 5, 2019SSN Staff
DETROIT—Operationally focused private equity firm Huron Capital announced its fire service and integrated solutions ExecFactor platform Sciens Building Solutions has acquired St. Petersburg, Fla.-based Critical System Solutions (CSS), a full-service provider of comprehensive life safety systems and products. Founded in 2005, CSS specializes in the design, installation and maintenance of fire detection, security, access control and sprinkler systems, and serves the commercial, retail, industrial,...