Tag: M&A

ODERZO, Italy –Home management and building management solutions provider Nice, and BeNice Holding, its primary shareholder, have entered into a binding agreement with Italian technology investment firm FSI for an undisclosed capital investment in Nice. Nice said that the partnership with FSI supports its next phase of development and growth for the company through a shared path that will capitalize on the strong global leadership position it has achieved, “…increasing...

SANTA ANA, Calif.—Global systems integrator Convergint announced the acquisition of Premier Security Group (PSG), a diversified physical security company servicing the financial market vertical in California, Utah, and Arizona. “We recently celebrated our 20th anniversary, and with it has come great excitement about our momentum and growth,” said Convergint CEO Ken Lochiatto said in the announcement. “We are thrilled to welcome new colleagues with deep expertise in the...

NEW BRIGHTON, Minn.—APi Group Corp. announced that it has entered into a definitive agreement to acquire the Chubb Fire & Security Business from Carrier Global Corp. for an enterprise value of $3.1 billion, which is comprised of $2.9 billion cash and approximately $200 million of assumed liabilities and other adjustments. Headquartered in the United Kingdom, Chubb has approximately 13,000 employees globally and a sales and service network spanning 17 countries serving more than 1.5...

LYNN, Mass.—Wayne Alarm Systems, Inc., a family owned and run life safety and security provider with UL central station monitoring, announced that it has acquired North Shore Protection, Inc., further increasing Wayne Alarm’s share in the greater Boston area as the company continues to grow and expand. “The combination of North Shore Protection with our company increases our market share, adds to our geographic presence and provides our new clients with even greater access to...

LONDON and DALLAS—Triton, a UK-based private equity firm, has signed an agreement to acquire ACRE, an end-to-end security solutions provider based in Dallas and Dublin, Ireland, with brands that include Vanderbilt, RS2, Open Options, ComNet, and Razberi. Triton will invest alongside the current management team of ACRE.  ACRE’s previous majority investor, LLR Partners, who has partnered with the company since 2013, will exit the business. Houlihan Lokey acted as...

Sorry about the classic movie reference – cue that epic western movie theme music now please – but this year will be remembered as one of the most challenging in American history, and the security industry has not been immune, with the impact of this past year being felt in all facets of the industry, certainly some more than others. The 2020 M&A market, in particular, has had some wild activity. Just in the last six months alone we have seen some big deals, most notably: Allied...

YARMOUTH, Maine—Results from Security Systems News’ recent News Poll confirm what we here at SSN have been seeing over the last few months within security, which is a noticeable increase in M&A activity. The arrival of COVID earlier this year may have put a temporary delay on some deals, but over the past few months the M&A landscape has certainly opened up, with deals both big and small making headlines recently. Looking big picture, three quarters of respondents agree that there...

Recent mega deals — Alarm.com acquiring OpenEye and ADT bringing on I-View Now — couldn't be timelier�as this month's News Poll looks at the topic of M&A, which seems to be as active as ever with big deals hitting what seems like weekly. These two deals, which happened within the same week, are making waves in both the residential and commercial markets. SSN caught up with John Mack, executive vice president and co-head of Investment Banking with Imperial Capital, which represented OpenEye...

YARMOUTH, Maine—Over the last few years, Security Systems News has covered hundreds of mergers and acquisitions, and it seems M&A in the security industry is still as hot as ever. In this month's News Poll we asked our readers for their thoughts about M&A in our industry.When comparing 2019 to 2018, more than half (54 percent) said M&A activity was about the same, with 31 percent saying they felt like there was more activity this year, and 15 percent saying there was less activity this year.“The...

This week Security Systems News reported on the sixth acquisition this year for both Convergint Technologies and ADS Security, two companies that have been very active this year on the M&A front, representing a continuing trend in this “year of the acquisition.” It turns out that the M&A landscape overall is very strong and will continue to offer opportunities for companies looking to acquire and for companies looking to be acquired, according to Imperial Capital. During his keynote presentation,...