Tag: Joe Nuccio
Apollo lands Protection 1, ASG
June 1, 2015Martha Entwistle
NEW YORK—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, reportedly $2 billion, the combined companies will operate under the Protection 1 brand, with Protection 1 CEO Tim Whall at the helm.
Whall told Security Systems News that given the companies' “like-minded approach to the operations, the combination will be a force in the marketplace."
The deal would...
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...
Vector's Pamela Petrow named CSAA president
May 5, 2015Spencer Ives
VIENNA, Va.—Pamela J. Petrow, president and CEO of Vector Security and newly named president of CSAA International, has set her sights on changing the association's image, improving value for members and increasing member involvement.
“In the past, some people have considered CSAA to be an 'old boys' club,'” Petrow told Security Systems News. “It does make me cringe, because there's a lot of value in the programs that CSAA brings, but sometimes, when...
ASG's buys Fleenor Protective Systems, adds 50 employees and UL-listed central
February 18, 2015Martha Entwistle
BELTSVILLE, Md.—Super-regional ASG Security started 2015 with the acquisition, announced today, of Fleenor Protective Systems, a Knoxville, Tenn.-based full-service security company.Mike Fleenor, former owner of Fleenor will join ASG, as will 50 employees. The deal also brings ASG 5,200 customers, $210,000 in RMR and a UL-listed Five Diamond-certified central monitoring station.Fleenor's Knoxville office will become ASG's new Eastern Tennessee branch. ASG declined to discuss terms of the deal.ASG...
ASG buys in Texas and Connecticut
October 8, 2014Martha Entwistle
BELTSVILLE, Md.—Super-regional ASG Security added $150,000 in RMR via two acquisitions, one in New England and one in Texas.“Our story continues,” ASG Joe Nuccio told Security Systems News. “We continue to find very good, high quality companies that fit into our regions.”In a deal that brings 5,000 customers and $105,000 in RMR, ASG acquired Advanced Protection Systems of Corpus Christi, Texas. “The owners had the business for 30 years and built it brick by brick,”...
ASG consolidates in South Texas, acquires Laredo Alarms
July 16, 2014Martha Entwistle
BELTSVILLE, Md.—In a deal that boosts its RMR in South Texas to $1.2 million, super-regional ASG Security has acquired Laredo Alarms of Laredo, Texas.“We dominate in this part of Texas,” Joe Nuccio, ASG CEO, told Security Systems News.“We've known Fidel Gonzalez (former owner of Laredo Alarms) for a long, long time. He's run a high quality company for about 29 years. We're fortunate that he considered selling the company to us and today he's with us and will run the Laredo...
ASG buys in Louisiana, Florida
April 23, 2014Martha Entwistle
BELTSVILLE, Md.—Bolstering its platforms in Louisiana and Florida, super-regional security company ASG on April 22 announced two acquisitions: Alarm Detection Systems (ADS) of Houma, La., and Amsafe Security Systems, based in Ft. Lauderdale, Fla.With these deals done, ASG is working “to build the territories to continue to grow internally, which is the thesis for all the companies we acquire,” Joe Nuccio, ASG CEO, told Security Systems News.Nuccio and other ASG executives, CFO Ralph...
ASG acquires National Alarm Systems, moves into new region
February 5, 2014Martha Entwistle
BELTSVILLE, Md.—ASG Security has acquired a “platform for hyper-growth” with the Jan. 31 acquisition of National Alarm Systems of Fort Lauderdale, Fla., a buy that will propel the super-regional to $10 million in RMR by the end of 2014, Joe Nuccio, ASG CEO, told Security Systems News.National Alarm Systems has 9,000 customers, divided fairly evenly between residential and commercial accounts and it has a successful homeowners association business. The deal brings nearly $300,000...
CPI sues ASG, accusing it of 'raiding' CPI's sales reps
October 2, 2013Tess Nacelewicz
CHARLOTTE, N.C.—CPI Security Systems, based here, has filed a lawsuit against the Alarm Security Group (ASG), accusing ASG of “raiding” sales reps from CPI by means of deceptive practices.Now, CPI contends in the lawsuit, former CPI employees working for ASG “are misappropriating CPI's confidential/proprietary information and trade secrets … and ASG is directly benefiting from this misappropriation.”The lawsuit was filed last week in the General Court of Justice, Superior...
ASG closes four deals in Q2
July 2, 2013Martha Entwistle
BELTSVILLE, Md.—In the past three months, ASG Security closed four acquisitions that bring an additional $114,000 in RMR. In aggregate, the four deals include 2,600 accounts, ten employees and a new office. The majority of the accounts, 78 percent, that were acquired in the four deals are residential accounts.The new office is acquired as part of the largest of the four deals, Allied Central Station in the Long Island community of Oceanside, N.Y.“It was founded in 1963 and it's...