Commercial
Convergint acquires in Latin America and Asia Pacific
April 6, 2021Cory Harris, Managing Editor
SCHAUMBURG, Ill.—Convergint Technologies has made two acquisitions already this month, expanding the global systems integrator’s reach into Latin America and Asia Pacific regions. As Convergint’s CEO Ken Lochiatto told Security Systems News last month, they will be very active over the next few months.
“You’ll probably see one, if not two, acquisitions per month, that will allow us to continue to grow into verticals that we’re already established in, that we’re...
Michael Walton named president for Security Franchisors LLC and Security 101
March 24, 2021SSN Staff
WEST PALM BEACH, Fla.—Security 101 announced that Michael Walton has been promoted to the role of President for Security Franchisors, LLC and Security 101, effective immediately.
In his new position, Walton will oversee all franchising operations and corporate department managers will report directly to him. Walton will continue to report to Security 101 founder and Chief Executive Officer Steven Crespo.
In his prior role as Chief Operations Officer, Walton provided operational expertise...
Allied Universal hires financial veteran as global CFO
March 24, 2021SSN Staff
SANTA ANA, Calif.—Allied Universal recently hired Tim Brandt as the company's Global CFO. Brandt will lead the financial operations of the company, and will focus on the upcoming acquisition and integration of G4S, and the eventual IPO of the newly consolidated company.
Prior to joining Allied Universal, Brandt worked for 30 years with Deloitte and was the Managing Partner of the Orange County practice for the last four years of his career. He specialized in mergers and acquisitions,...
SYNNEX merges with Tech Data in $7.2B deal
March 24, 2021SSN Staff
FREMONT, Calif. and CLEARWATER, Fla.—SYNNEX Corp. and Tech Data, which is wholly owned by funds managed by affiliates of Apollo Global Management, Inc., announced a merger agreement valued at approximately $7.2 billion, including net debt.
The combined company, with approximately $57 billion in estimated pro forma annual revenues and a team of over 22,000 associates and colleagues, will provide customers and vendors with expansive reach across products, services, and geographies to accelerate...
Sage Integration adds national project manager
March 23, 2021SSN Staff
KENT, Ohio—Sage Integration, a security integration provider serving enterprise Fortune 100 clients, has named Ross Westermann as its national project manager. Westermann will oversee project and contract management, engineering review and provide sales support as Sage expands its client base across the U.S.
John Nemerofsky, Sage Integration’s chief operating officer, said increasing demand for services from national and global clients made hiring an experienced project manager vital.
“For...
Former undercover narcotics cop starts consulting firm
March 23, 2021Cory Harris, Managing Editor
YARMOUTH, Maine—This is the path that former undercover narcotics officer Chris Eggers has taken, using the knowledge he gained learning from admitted burglars and robbers to start a new career as president of a consulting firm that offers security solutions for cannabis facilities dispensing marijuana for medicinal or recreational purposes.
On the heels of turning in his badge after more than 12 years as a police officer in the Oakland Police Department and San Francisco Police Department,...
Allied Universal finalizes G4S deal after buyout saga
March 17, 2021Paul Ragusa, Editor
SANTA ANA, Calif.—Allied Universal's bid to acquire rival G4S was finalized this week with the announcement that the majority of G4S shareholders accepted a $5.28 billion buyout offer, only after rebuffing a final push for takeover by Canadian bidder GardaWorld.
The combination of Allied Universal and G4S will create an integrated security business with revenues of approximately $18 billion, a strong international platform and an extensive portfolio of blue-chip clients across...
Convergint CEO talks latest buy, bright future
March 11, 2021Cory Harris, Managing Editor
SCHAUMBURG, Ill.—Security Systems News caught up with Convergint Technologies’ CEO Ken Lochiatto to talk about the company’s latest acquisition of Advantage Medical Inc. (AMI), its strengthened position within the healthcare safety and security market across the U.S., and its bright future coming off approximately $1.4 billion in revenue last year.
Advantage Medical Inc., a leader in the deployment and support of wireless patient security systems in acute care hospitals, brings...
Securitas presents new global brand identity
March 11, 2021SSN Staff
STOCKHOLM—Headlined by the tagline “See a different world,” Securitas has launched a major update to its global brand identity and positioning, highlighting the company’s human and progressive approach to security, and the positive impact of its innovation and technology.
Securitas’ new brand, which includes the first major update of the well-known Securitas logo since 1972, delivers an original tone of voice, visual identity and a positive and proactive storytelling...
Vector Security hires Dan Reynolds to lead customer experience
March 10, 2021SSN Staff
PITTSBURGH—Vector Security, a security company that provides intelligent mobile security and automation solutions to homes and businesses, announced that Dan Reynolds has joined the company as Director of Customer Experience, effective immediately.
In this newly defined role, Reynolds will be responsible for defining, executing and managing for continuous performance, the overall customer experience across all areas of Vector Security. With a focus on the customer journey for each customer...