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...
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...
The secret to Convergint’s successful M&A strategy
October 4, 2021Cory Harris, Managing Editor
SCHAUMBURG, Ill.—Convergint, a global service-based systems integration company based here, continues to expand its footprint and capabilities on a global scale through an M&A strategy that focuses on aligning company cultures and focusing on certain geographic areas.
Convergint’s most recent acquisition of two business units from ATS Companies, ATS Alaska and ATS Facility Systems, expands The company’s Northwest presence and brings its first technology center in Alaska.
Sean...
PSA, NSCA provide research on what makes integrators successful
October 1, 2021SSN Staff
CEDAR RAPIDS, Iowa and WESTMINSTER, Colo.—A new, non-traditional research study seeks to change the integration industry’s dialogue around service revenue.
The transition from product- and project-based revenue toward a recurring revenue and service-oriented model is an omnipresent topic in integration industry trade publications, webinars, and business conferences. The traditional focus is on making a case for integration companies to shift business models and pursue the more consistent...
Johnson Controls debuts Tyco Security Robot at GSX
September 28, 2021SSN Staff
ORLANDO, Fla.—Johnson Controls debuted the Tyco de robot in the Tyco Demo Room & Innovation Center at the Global Security Exchange (GSX) Conference here in Orlando this week.
Johnson Controls has chosen Ava Robotics, a leader in designing and developing intelligent robots for workplace applications to improve human productivity, safety and quality of life, to power its new Tyco Security Robot powered by Ava Robotics.
"Ava's mobile, autonomous and innovative robotics technology helped...
Allied Universal acquires MSA Security
September 21, 2021SSN Staff
SANTA ANA, Calif./NEW YORK—Allied Universal, a global security and facility services company, has announced the execution of a definitive agreement to acquire MSA Security (MSA), a provider of comprehensive threat protection solutions to clients nationwide, including K9 security services.
Allied Universal acquired MSA from GreyLion, a middle-market private equity firm focused on investing in leading high-growth businesses. Terms of the deal were not disclosed.
“The...
NAPCO announces record fourth quarter and fiscal 2021 results
September 14, 2021SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies, Inc. announced record fourth quarter and fiscal 2021 results ending June 30, 2021, highlighted by a fiscal year net income that increased 75 percent to a record $14.9 million as compared to $8.5 million a year ago.
Some additional highlights include:
4th Quarter Sales Increase 54% to a Record $35.4 million
4th Quarter Recurring Service Revenues Increase 43% to $9.5 million with a gross margin of 87%
Net Income for the year increases...
Mountain Alarm acquires NICO Electronic Systems
September 13, 2021Cory Harris, Managing Editor
OGDEN, Utah—Mountain Alarm Fire & Security, a provider of security and fire protection services and equipment, announced it has acquired NICO Electronic Systems, a Helena, Mont.-based provider of security systems design and fire alarm installation, as well as other services.
Eric Garner, President and CEO of Mountain Alarm and a former Security Systems News “20 under 40” award winner (Class of 2016), told SSN that the acquisition came about following the retirement of Bill Niehoff,...
The Clearway Group completes significant financing round
September 7, 2021SSN Staff
LONDON—The Clearway Group, a leading commercial security services provider specializing in securing vulnerable properties or assets, announced a significant growth capital investment from a consortium of institutional investors led by Next Wave Partners.
Over the past four years, Clearway has completed five acquisitions, grown revenues at a CAGR of c.14 percent and developed a full range of security solutions across the UK and France. Through its acquisition of Protim, the Group now...
Specifically Speaking with Protus3 Consultant Dana Frentz
August 25, 2021Paul Ragusa, Editor
YARMOUTH, Maine—Security Systems News recently caught up with Protus3 Consultant Dana Frentz, CHPA, PSP, who has spent more than 25 years in law enforcement and security, working on large-scale projects within healthcare and education, for example, including the creation of operational security standards.
SSN: What's your role at the company?
FRENTZ: I’m a consultant at Protus3, and I’m considered a generalist. I conduct physical security assessments, perform system...