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Tag: Mergers & Acquisitions


ACRE acquires Feenics and Matrix to close out 2021

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ACRE acquires Feenics and Matrix to close out 2021

December 1, 2021SSN Staff

DALLAS—ACRE, a global security company with multiple leading access control brands, announced the strategic acquisitions of Feenics and Matrix Systems. The financial details of the respective transactions were not released. "Our goal is to bring the industry's best technology innovators into our network of brands," said ACRE CEO Joe Grillo. "Feenics' cloud architecture and Matrix’s simplified approach to integration have helped both brands build significant loyalty from a wide...

ACRE, Feenics, Joe Grillo, Matrix, Mergers & Acquisitions


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Brivo to become publicly traded company through merger with Crown Proptech Acquisitions

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Brivo to become publicly traded company through merger with Crown Proptech Acquisitions

November 10, 2021SSN Staff

BETHESDA, Md. and NEW YORK—Brivo, Inc., a global leader in cloud-based access control and smart building technologies, and Crown PropTech Acquisitions, a publicly traded special purpose acquisition company, announced that they have entered into a definitive merger agreement that will result in Brivo becoming a publicly listed company. The transaction values the company at a pro forma enterprise value of $808 million. Upon closing, the combined company will operate as Brivo, and its...

Brivo, Dean Drako, Mergers & Acquisitions, Steve Van Till


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ken l

Commercial

Convergint acquires Simpson Security Systems

November 8, 2021SSN Staff

SCHAUMBURG, Ill.—Convergint announced the acquisition of Simpson Security Systems, a security systems integrator that provides services across Louisiana, Mississippi, Arkansas, Alabama, and Tennessee. This acquisition further strengthens and expands Convergint’s footprint across the Southeast and Central regions of the United States. "We've celebrated tremendous growth this past year, and with each acquisition, we remain focused on two things: culture and service. We are honored...

Convergint Technologies, Ken Lochiatto, Mergers & Acquisitions, Simpson Security Systems


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SSN Exclusive: Luca Longhin, Deputy CEO of Nice Group USA and Nortek Control

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SSN Exclusive: Luca Longhin, Deputy CEO of Nice Group USA and Nortek Control

November 2, 2021Cory Harris, Managing Editor

YARMOUTH, Maine—Last month saw a major M&A take place in the security industry as Nice, a global manufacturer of smart home, security, and home & building automation solutions, acquired technology developer Nortek Security & Control, LLC from Melrose Industries. The acquisition, valued at $285 million, marked the largest investment to date by Nice and solidified the company’s commitment to an increased presence in the North American market, as well as expanding its footprint globally. The...

Luca Longhin, Mergers & Acquisitions, Nice, Nortek Control


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Also Noted

Allied Universal expands Janitorial Services Division with latest buy

November 2, 2021SSN Staff

SANTA ANA, Calif.—Allied Universal recently announced the acquisition of The Millard Group, LLC, a Morton Grove, Illinois-based commercial facility services company. Terms of the deal were not disclosed. Founded in 1915 under the name Chicago Window Cleaning, The Millard Group is a third-generation family owned business with a long history in commercial facility services. The Millard Group provides clients with an integrated solution through its full range of supervised janitorial, window...

Allied Universal, Mergers & Acquisitions, Steve Jones


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Jack Doyle

Commercial

Doyle expands footprint with acquisition of STAT Communications

October 12, 2021Cory Harris, Managing Editor

ROCHESTER, N.Y.—Doyle Security Systems, Inc., the largest family-owned New York State provider of residential and commercial security, fire and medical monitoring systems, has announced the acquisition of STAT Communications, a privately held company founded in Watertown, N.Y. in the 1950s.  STAT’s 3,800 security accounts and 1,200 medical monitoring accounts will now be monitored by Doyle Security’s emergency response center, while service and installation work will continue...

Doyle Security Systems, Jack Doyle, John Doyle, Mergers & Acquisitions


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ADT Commercial acquires Edwards Electronic Systems

Commercial

ADT Commercial acquires Edwards Electronic Systems

October 8, 2021SSN Staff

BOCA RATON, Fla.—ADT Commercial continues its strong M&A strategy with the purchase of Edwards Electronic Systems, Inc., based out of Clayton and Concord, N.C. The purchase of Edwards Electronic Systems further deepens the ADT Commercial organization’s integration capabilities and fire and life safety expertise to serve mid-market, national and large-scale commercial customers in the Carolinas region. “We’re excited to be expanding our premier organization and deepening...

ADT Commercial, Dan Bresingham, Mergers & Acquisitions


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Monitoring Matters

Expanding Globally Through M&A

October 6, 2021Cory Harris, Managing Editor

If you’ve read our website over the last month or so, you’ve noticed an uptick in the amount of merger and acquisition (M&A) stories we’ve posted, and as Karen Carpenter beautifully sang so many years ago, we’ve only just begun. The wheeling and dealing in the security industry have been hot and heavy during the late summer and early part of the fall season. In case you have not been able to keep up with the goings-on of all the business transactions over the past several...

Assa Abloy, Convergint Technologies, Dean Drako, Eagle Eye Networks, March Networks, Mergers & Acquisitions, Nice, Nortek Security & Control, Sean Flint


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Nice

Residential

Nortek Security & Control acquired by Nice for $285 million

October 5, 2021SSN Staff

ODERZO, Italy—Nice, a global manufacturer of Smart Home, Security, and Home & Building Automation solutions, announced today it has acquired Nortek Security & Control, LLC from Melrose Industries. The transaction, valued at $285 million, is the largest investment to date by Nice. Click here for an exclusive Q&A with Luca Longhin, Deputy CEO of Nice Group USA and Nortek Control. “This acquisition reinforces our strong commitment to North America and significantly expands our global...

Mergers & Acquisitions, Nice, Nortek Security & Control


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dean

Suppliers

Eagle Eye Networks acquires AI leader Uncanny Vision

September 30, 2021Paul Ragusa, Editor

AUSTIN, Texas, and BANGALORE, India—Global cloud video surveillance leader Eagle Eye Networks announced the acquisition of artificial intelligence (AI) innovator Uncanny Vision, including the company’s research and development capabilities and a new regional office in Bangalore, India. Eagle Eye Networks CEO Dean Drako told Security Systems News that Uncanny stood out among other AI companies because they are “entirely and completely focused on AI; It’s not an afterthought,”...

AI, cloud-based video surveillance, Dean Drako, Eagle Eye Networks, Mergers & Acquisitions


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