Tag: Mergers & Acquisitions
Bates Security acquires Florida-based Performance Security
February 2, 2023SSN Staff
LEXINGTON, Ky. – Bates Security has acquired the Jacksonville, Fla.-based Performance Security, the company announced.
This acquisition marks Bates’ third in recent months. The company said that adding Performance Security to its portfolio will further strengthen its presence in the Jacksonville and Greater Northeast Florida market.
“Through my 35 years of providing service to my family of customers, relationships have been formed. But it is time for me to retire and...
Allegion to buy Stanley Access Technologies for $900M
April 22, 2022SSN Staff
DUBLIN—Allegion plc, a global security products and solutions provider, has signed a definitive agreement to acquire Stanley Access Technologies LLC and assets related to the automatic entrance solutions business from Stanley Black & Decker, Inc. for $900 million in cash.
When adjusted for approximately $90 million in tax benefits, the purchase price is $810 million on a cash-free, debt-free basis. Reducing the amount paid by the tax benefits, the purchase price represents approximately...
Pye-Barker Fire & Safety acquires Choice Security Services
March 29, 2022SSN Staff
ATLANTA—Pye-Barker Fire & Safety announced its acquisition of Choice Security Services, strengthening its presence in Pennsylvania and bolstering its service offerings in the Northern Maryland market.
"We couldn't ask for better colleagues to join our family," said Bart Proctor, CEO of Pye-Barker. "It's an honor to partner with Ray Bear and his team at Choice Security Services. They're true stewards of the community, incredibly knowledgeable and always act in the best interest...
Resideo to acquire First Alert Inc. for $593M, reveals Q4 financials
February 7, 2022SSN Staff
SCOTTSDALE, Ariz.—Resideo Technologies, Inc., a global provider of home comfort and security solutions and distributor of commercial and residential security and audio-visual products, announced that it has entered into a definitive agreement to acquire First Alert, Inc., a provider of home safety products, from Newell Brands Inc. for $593 million in an all cash transaction, or approximately $547 million net of expected future tax benefits.
"The addition of First Alert to the Resideo portfolio...
Morse Watchmans acquired by TouchPoint, Inc.
December 16, 2021SSN Staff
OXFORD, Conn.—Morse Watchmans, a leader in key control and asset management systems, has been acquired by TouchPoint, a privately-held diversified global growth company focused on engineered products in growth markets where the touch point is a differentiating factor.
Morse Watchmans will join TouchPoint’s Intelligent Inventory Management platform, which focuses on developing inventory management solutions that enable the secure, accurate and efficient management of consumable inventory...
Pye-Barker acquires Mountain Alarm and Yarnell Security Systems
December 10, 2021Paul Ragusa
ATLANTA, Ga.—Pye-Barker Fire & Safety, based here, has acquired super regional systems integrator Mountain Alarm Fire & Security, headquartered in Ogden, Utah, and comes on the heels of the purchase of Yarnell Security Systems, based in Lancaster, Pa.
Both Mountain Alarm and Yarnell will retain their name and teams, and Mountain Alarm will continue to be led by CEO Eric Garner, the existing management team, and their highly skilled team members. Financial details were not provided for either...
Stanley selling security business to Securitas for $3.2 billion
December 8, 2021SSN Staff
NEW BRITAIN, Conn.—Stanley Black & Decker announced it has signed a definitive agreement for the sale of most of its security assets to Securitas AB for $3.2 billion in cash. The proposed transaction includes Stanley Black & Decker's Commercial Electronic and Healthcare Security business lines.
"We are incredibly excited to join forces with Stanley Security and are confident that we will form a winning team,” Securitas AB President & CEO Magnus Ahlqvist said in the announcement....
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...
Will M&A activity continue at this frenzied pace?
November 17, 2021Paul Ragusa
With just about a month or so to go, 2021 has been a year to remember, with M&A activity, including blockbuster deals that seem to be announced every month, lighting up the headlines and pointing to a continuing year of transition. Looking back at this year and the year ahead, Security Systems News readers see this frenzied pace continuing into 2022.
For example, in this month’s News Poll, about two thirds (65 percent) of respondents feel this year’s activity is more than usual, with...
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...