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Honeywell and UTC?

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Wednesday, February 24, 2016

Honeywell is reportedly shopping its Building Solutions Group, according to a report today in the Wall Street Journal. The Honeywell Building Solutions business, which the WSJ says is worth between $3 billion and $4 billion, provides security systems integration and other services to commercial buildings globally.  

It is a separate business unit from Honeywell Security and Fire (HSF), but they are both part of the Automation and Control Solutions unit. Alex Ismail is the president and CEO of the $14 billion Honeywell Automation and Control Solutions division.

The Wall Street Journal says Honeywell has hired Goldman Sachs Group to work on the sale, which has been ongoing for about three months.

Earlier this week, reports surfaced that Honeywell was in talks to merge with UTC. While those reports were followed by comments from UTC that they deal would run into trouble with anti-trust regulations, the Wall Street Journal today said “Honeywell has signaled that it isn’t ready to give up yet on a merger with United Technologies, which would be one of the biggest deals at a time when such activity is booming.”

Would Honeywell sell the building solutions business if it does merge with UTC? The Wall Street Journal report asked that question to itself and answered “I don’t know.” It also added this editorial caveat: “In any event, as always, there may be no deal at all.” 

According the WSJ report, Honeywell is working with Centerview Partners and Lazard on the UTC deal, while UTC is working with J.P. Morgan Chase & Co

After ADT's news, Ascent stock rises

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Wednesday, February 17, 2016

Ascent Capital Group’s stock price rose yesterday, on news of the ADT/Apollo deal.

I asked Imperial Capital’s Jeff Kessler about the stock’s jump and he characterized it as a “knee jerk reaction to the fact that the only other company in the United States that’s public, being traded, is being taken over.”

Yesterday (Feb. 16) Ascent’s stock price rose as high as 49 percent over its previous close of (Feb. 12) of $8.27 per share.  Yesterday’s high was $12.29. The stock closed at $11.00 and had been hovering around that price today.

Ascent’s stock price has been declining over the last 12 months. This time last year the stock price was $47.50.

Kessler pointed out that AlarmForce, another publicly traded alarm company, also saw a small increase after the news of ADT’s acquisition agreement. “If ADT is taken private [Alarm Force and Ascent] will be the only two publicly traded alarm companies,” he said.

Ascent Capital Group is a more well known peer to ADT, Kessler said, which is why Ascent’s price was affected more than that of AlarmForce.

“It will certainly have more people eyeing Ascent, to see whether or not there is some value in the Ascent monitoring capability for another buyer,” Kessler said. “Certainly I would think that private equity firms are looking at Ascent, because the stock has fallen down so far … but there’s no guarantees.” 

Apollo to buy ADT for $6.9 billion, combine with Protection 1

Tim Whall to be CEO of combined business, which will operate 'primarily under the ADT brand.'
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02/16/2016

BOCA RATON, Fla.—Apollo has landed again. After years of rumors that ADT would be acquired by one entity or another, the home and business security giant today announced it has agreed to be acquired by Apollo Global Management for $6.9 billion ($42 per share). Apollo plans to combine ADT with Protection 1 and, according to an ADT news release, “will operate primarily under the ADT brand.”

ADT expands monitoring with Canopy

Program is available for non-ADT customers
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01/13/2016

LAS VEGAS—ADT announced its new Canopy service at CES, which brings the company’s professional monitoring capabilities into devices from LG, Honeywell, Samsung, and others.

ADT wins first round against Capital Connect

Gets prelim injunction against Monitronics dealer
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12/02/2015

BOCA RATON, Fla.—A U.S. District Court granted ADT’s request for a preliminary injunction against Capital Connect, a Monitronics alarm dealer, barring the company and its sales force from allegedly making false claims to ADT customers. The next step will be to take the case to trial, David Bleisch, ADT general counsel, told Security Systems News.

Integrators '20 under 40' 2015—Holly Borgmann

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10/13/2015

Holly Borgmann, 39
Director, government affairs, ADT
Boca Raton, Fla.

Vivint latest big player to go ASAP

Company hopes to encourage more PSAPs
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10/07/2015

PROVO, Utah—Vivint in late September started planning its ASAP to PSAP adoption.

ADT goes live with ASAP

Other large nationals expected to follow suit
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08/26/2015

BOCA RATON, Fla.—ADT has joined the ASAP to PSAP program, which will cause a positive chain reaction for the program, increasing its prevalence nationwide, according to Jay Hauhn, CSAA executive director.

Deceptive sales practices knocked at ESX

Solicited Baltimore residents share their stories
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07/13/2015

BALTIMORE—Diane Pruitt, a resident here, recently had two young men knock on her door, lie to her about her security system and which company they were from, and persistently tried to sell her a different system.

Hear it from this Millennial

 - 
Wednesday, July 8, 2015

More and more I’m hearing about the “Millennials;” those born between 1980 and 2000. I fit squarely in that range.

Millennials seem to be the target audience for home automation, some have noted them as the more “technological-savvy” generation. Now, the Millennials are entering the job market. At this year’s ESX I heard UCC’s Mike Lamb, and ADT’s Stephen Smith, share their observations on training this younger generation.  

During Lamb and Smith’s ESX Panel, “Training for Central Station Operators,” I was—as a Millenial—quite alert, asking myself how each technique or perspective applied to me.  

There were quite a few points that I could agree with and—imagining myself in the shoes of a prospective central station operator—would see a lot of value in. Though, there were other points where I differed in opinion.

Lamb said that Millenials like understanding the value in their work. That is certainly something I could agree with, and I don’t think Millenials are the only ones who could benefit from better grasping the value behind what they do.

Also, he had a point that, when given a task, Millenials might be more prone to ask “Why?” This isn’t a sign of disrespect, he said, but instead looking for more understanding.

I definitely agree with that. Approaching a task, I find it very useful to understand where my role or any action plays into the larger plan.

Lamb pointed out that Generation Y is the age of “participation trophies,” which, unfortunately, I can’t disagree with. Lamb had a point that this constant recognition given to many individuals in Generation Y is something to notice and enable in your central station employees; that they like to be recognized if and when they are doing things right. I can see how a little positive reinforcement would encourage confidence in a new employee. Though, I personally wouldn’t want to see this overdone, certainly not to the levels of participation trophies.

Lamb also had a point that younger generations occasionally struggle with professionalism, specifically in writing. An example he gave was with “twitter speak,” using “u” instead of “you,” “r” in place of “are” and so forth. This surprised me the most. Perhaps it is my writing experience separating me from the Generation Y pool of potential operators, but I have always found a professional writing style to be imperative. Lamb, and some of the attendees, said this is a problem of the generation.

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