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Adam Shane

Commercial

Specifically Speaking: Adam Shane on designing integrated security systems

June 12, 2024Cory Harris, Editor

YARMOUTH, Maine—Adam Shane’s goal on any project he tackles is to design and integrate security systems so that data is shared across various applications in a seamless manner. “I assist clients on a range of projects related to data sharing across applications,” said Shane, systems integration manager at Burns Engineering, Inc. “In my role at Burns, I design various systems related to integrated security operations.” As part of Security Systems News’...

Adam Shane, Burns Engineering Inc., Security Systems News (SSN), Specifically Speaking


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Pye-Barker Fire & Safety gains five new locations with acquisition of Bates Security

Commercial

Pye-Barker Fire & Safety gains five new locations with acquisition of Bates Security

June 11, 2024SSN Staff

ATLANTA — Pye-Barker Fire & Safety – a full-service fire protection, life safety and security services provider in the United States – has acquired Bates Security, a security and alarms systems provider in the Southeast. Bates Security, ranked No. 32 on the latest SDM Top 100, is headquartered in Lexington, Kentucky, and operates additional offices in Prestonsburg, Kentucky; Jacksonville, Florida; Vero Beach, Florida; and Lake Placid, Florida. With these additions, Pye-Barker...

Bart Proctor, Bates Security, Bryan Bates, Jeremy Bates, life safety, Mergers & Acquisitions, Pye-Barker Fire & Safety, Security Services


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Pye-Barker closes out May with a pair of acquisitions

Commercial

Pye-Barker closes out May with a pair of acquisitions

May 29, 2024SSN Staff

ATLANTA — Pye-Barker Fire & Safety has recently made a few more acquisitions to round out the month of May. On May 29th, Pye-Barker acquired Security Solutions Inc., a security, alarms and surveillance systems provider serving the Norwalk, Connecticut area. A family-run business for more than 30 years, Security Solutions has built a presence with customers from Greenwich to New Haven. Founded and led by the Orvis family, Security Solutions Inc. (SSI) offers security alarms, fire alarms,...

Bart Proctor, Electronic Security Association (ESA), James Orvis, Mergers & Acquisitions, Pye-Barker Fire & Safety, Scott Fire Protection, Security Solutions Inc. (SSI), Surveillance


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Pye-Barker acquires security integrator Vermillion Systems

Commercial

Pye-Barker acquires security integrator Vermillion Systems

May 23, 2024SSN Staff

ATLANTA — Pye-Barker Fire & Safety has revealed it will now operate in Central Indiana after acquiring fast-growing security systems integrator Vermillion Systems. Pye-Barker said it remains steadfast in its commitment to provide full-service life safety offerings to better protect communities throughout the United States. Founded in 1999 by David Vermillion, Vermillion Systems is headquartered in Walkerton, Indiana, outside of South Bend and provides fire alarm monitoring, video surveillance,...

Access Control, Bart Proctor, David Vermillion, integrator, Mergers & Acquisitions, monitoring, Pye-Barker Fire & Safety, Vermillion Systems, Video Surveillance


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Alper Cetingok

Commercial

‘Selective growth’ in M&A activity predicted for second half of 2024, Cetingok says  

May 22, 2024Cory Harris, Editor

DALLAS—While market conditions might be conducive to increased M&A activity in the security space this year, not so fast, says Alper Cetingok, senior managing director for Raymond James & Associates.    Cetingok’s M&A forecast for the last six months of the year sees buyers remaining more selective, while some sellers are delaying processes due to market conditions and persistent gaps in valuation expectations.   “We're going to see some growth, I think,...

2024, Alper Cetingok, PSA TEC, Raymond James & Associates, Securitas


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Don Erickson

Commercial

State of the Industry: ‘It’s an exciting time’

May 22, 2024Cory Harris, Editor

DALLAS—The regulation of artificial intelligence (AI), the evolution of technology adoptions, and the growth in M&A were among the topics addressed during the State of the Industry panel discussion at PSA TEC 2024.   Moderated by Matt Barnette, CEO, PSA Security Network, the panelists for one of the more popular sessions at PSA TEC were: Don Erickson, CEO, Security Industry Association (SIA); John Mack, executive VP, co-head of investment banking, head of mergers & acquisitions,...

2024, Don Erickson, Imperial Capital, John Mack, John Nemerofsky, Kumar Sokka, LenelS2, Matt Barnette, PSA Security Network (PSA), PSA TEC, Sage Integration, Security Industry Association (SIA)


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Pye-Barker acquires Southern Burglar and Fire Alarm Company

Commercial

Pye-Barker acquires Southern Burglar and Fire Alarm Company

May 17, 2024SSN Staff

ATLANTA — Pye-Barker Fire & Safety is expanding in South Carolina with the acquisition of 99-year-old security solutions provider Southern Burglar and Fire Alarm, Co. The companies noted that they are excited to provide expanded services to existing customers through the partnership. Southern Burglar and Fire Alarm, Co., headquartered in Belton, South Carolina, provides burglar alarm, fire alarm, CCTV, video surveillance and alarm monitoring services throughout Upstate South Carolina....

Bart Proctor, CCTV, fire alarm, Hack Clinkscales, Mergers & Acquisitions, monitoring, Pye-Barker Fire & Safety, Southern Burglar and Fire Alarm, Video Surveillance


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Specifically Speaking: Breanna Sieferman on the importance of ROI

Commercial

Specifically Speaking: Breanna Sieferman on the importance of ROI

May 15, 2024Cory Harris, Editor

YARMOUTH, Maine — There’s nothing like designing integrated security systems that deliver a return on investment (ROI) for end users, says Breanna Sieferman, CPP, PMP, associate principal with TEECOM.  “There’s no way around it, the systems I design and specify are a big investment, so I love the idea of anything that can improve efficiencies and increase the return on that investment for our end users,” Sieferman told SSN.   As part of Security...

Access Control, Breanna Sieferman, Integrated Security Systems, Return on Investment (ROI), TEECOM, Video Surveillance, visitor management


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Doyle Security Systems acquires security division of DFT Communications

Commercial

Doyle Security Systems acquires security division of DFT Communications

May 13, 2024SSN Staff

ROCHESTER, N.Y. - Doyle Security Systems Inc. has announced the acquisition of the security division of DFT Communications (Dunkirk & Fredonia Telephone Company), a family-owned company founded in Fredonia, N.Y., in the 1890s. The company relayed that DFT’s 2,100 security accounts (55% of which are commercial, 45% residential) will now be monitored by Doyle Security’s emergency response center, while service and installation work will continue to be provided by DFT Security employees...

commercial, DFT Communications (Dunkirk & Fredonia Telephone Company), Doyle Security Systems, Jack Doyle, Mergers & Acquisitions, Residential


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Q2 sales flat for Johnson Controls, may be eyeing sale of ADT Alarms business

Commercial

Q2 sales flat for Johnson Controls, may be eyeing sale of ADT alarms business

May 3, 2024SSN Staff

CORK, Ireland – Johnson Controls International (JCI) plc has reported its fiscal second quarter (Q2) 2024 results, and the company may be looking to divest itself of one of its non-core businesses.  GAAP earnings per share (“EPS”) of $(0.41). Excluding special items, adjusted EPS was $0.78 (see attached footnotes for non-GAAP reconciliation). Sales in the quarter of $6.7 billion were flat compared to the prior year on an as reported basis and increased 1% organically. GAAP...

2024, George Oliver, HVAC, Johnson Controls (JCI), Second Quarter (Q2), smart buildings


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