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Stanley to buy resi company for $61m

August 4, 2011Martha Entwistle

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...

First National alarmCap Income Fund, Fred Fong, Microtec Security Systems, Niscayah, Securitas Direct, Stanley Black & Decker, Stanley Canada Corporation, Stanley CSS