CHARLOTTE, N.C.—In what it says is the “largest video monitoring contract in history,” Iverify at the end of April announced it won a five-year contract valued at $39 million to provide guard replacement and shrink-reduction services to 529 Family Dollar stores, nationwide.
Iverify president Mike May said Iverify brought big savings to the table for the Family Dollar.
IRVING, Texas—A new Barnes Associates study shows that alarm companies that specialize in vertical markets within residential security are likely to have a greater return on investment when it comes time to sell.
“We analyzed more than 120 transactions over the past 10 years (those involving $100,000 to $10 million of RMR) and looked for correlations across a number of variables [including size, metrics and operational focus],” Michael Barnes told Security Systems News.
LAWRENCE, Kan., and CHICAGO—Jim Covert and Tim Whall will be back in the security business following the close of a $828 million deal, announced today, where private equity group GTCR acquires Protection One.
SCHAFFHAUSEN, Switzerland, and IRVING, Texas--ADT's parent company, Tyco International, announced this week that it will acquire Broadview Security, formerly Brink's Home Security, for $2 billion. The exact multiple paid for the transaction appears to be in the mid 40s, though discussions continue on that topic.