Tag: Niscayah

COLUMBUS, Ohio—Xentry Systems Integration, which was formed in January, today announced the appointment of John Nemerofsky as president and CEO.Nemerofsky told Security Systems News that Xentry currently has a run rate of $27 million and he believes he can “grow the company in a short time organically and through acquisitions to an $80 [million], $90 [million], $100 million business.”“Growth creates opportunity for employees and stability for the business and that's the opportunity...

NAPERVILLE, Ill.—Tony Byerly, president of Stanley CSS North America and United Kingdom, is leaving the company. Stanley has named Martin Schnurr as his replacement, Security Systems News has learned.Schnurr, who is currently president of Stanley Hydraulic Tools, has been with Stanley for 16 years."I would like to thank Tony Byerly, who has truly been a consummate industry professional. Tony has been instrumental in building CSS into what it is today, a North American leader in commercial security...

ORLANDO, Fla.—There was plenty of news being made at ASIS 2011, which took place at the Orange County Convention Center Sept. 19-21. Below are some editor round-ups from ventured out onto the show floor to collect news and other goings-on. Here's Martha's round-up: The ASIS news started rolling in well before the show floor opened with the news released around 7 a.m. yesterday that Tyco International plans to split into three independent, publicly traded companies. Over at the BRS Labs booth,...

STOCKHOLM—Stanley Black & Decker executives are here today preparing for the Sept. 9 closing of its $1.2 billion cash offer purchase of Niscayah. “Expect to see visible steps soon, with significant work being completed within the first year of closing,” Tony Byerly, president Stanley CSS North America & United Kingdom, told Security Systems News in an email interview. “We have clear integration objectives with financial commitments for the short and long term and we expect...

EDMONTON, Alberta—In a deal that will give Stanley CSS a major residential security footprint in Canada, Stanley Canada Corporation, a subsidiary of Stanley Black & Decker, Inc. has entered into an agreement to acquire Microtec Security Systems, headquartered here, for $61.6 million ($59.7 million Canadian). The deal includes close to 80,000 accounts, two UL-Canada listed central stations, five offices, 200 employees and many dealers, said Fred Fong, CEO and president of First National AlarmCap...

COPPELL, Texas—Advanced Technology Video, a provider of video security surveillance solutions, on July 13 announced the appointment of Bob DeProspero as director of sales. DeProspero brings more than 17 years of experience in the security industry with national manufacturers and S/I companies such as Niscayah, GE Security, Dallas Security Systems and ADT Security Services. As the director of sales, DeProspero is responsible for the on-going development of the company's market channel strategy,...

STOCKHOLM, Sweden—Securitas has extended the time frame for its offer to buy Niscayah from July 18 to August 12, but—despite rumors to the contrary—it will not raise its $907 million bid, Gisela Lindstrand, senior vice president corporate communications and public affairs told Security Systems News on July 6. “When we set the first date we did not know how long the [European Commission anti-monopoly approval] filing would take,” she said. Securitas learned that the EC...

NEW YORK—Stanley Black & Decker definitely upped the ante with its $1.2 billion bid, announced this week, for Niscayah. It's a bid that's been called generous by some, but is Stanley offering a premium price? Imperial Capital's Jeff Kessler calls the Stanley bid “not cheap, but not expensive.” The bid comes in at 31x RMR, but as Kessler points out, “that's not a very meaningful metric because only 22 percent of Niscayah's RMR is monitoring, the rest is maintenance and service...

NEW BRITAIN, Conn.—Stanley Black & Decker, parent company of Stanley CSS, announced June 27 that it made a $1.2 billion all-cash bid for commercial security integrator and monitoring company Niscayah. The bid is supported by the Niscayah board of directors, which announced it unanimously recommends that shareholders accept the public offer. The $1.2 billion offering price is higher than the $907 million stock bid made by guarding giant Securitas, which is based in Sweden and is the former parent...

STOCKHOLM, Sweden—Is it strange that guarding giant Securitas, which divested itself of its systems integration business (Securitas Systems, now Niscayah) five years ago, this week made a bid to buy that very same business back? It may be an unusual situation, but it's a deal that makes a lot of business sense for both Securitas and Niscayah, Imperial Capital's John Mack told Security Systems News. And it's a deal that Mack predicted is likely to get done. “You can see the rationale,”...