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Another shake-up at the top for DEFENDER Direct

 - 
Wednesday, September 4, 2013

Just last year, I wrote about leadership changes at DEFENDER Direct, the country’s leading ADT dealer, when longtime employee Marcia Barnes took over as CEO and president, replacing company founder David Lindsey, who was stepping down to do philanthropic work.

Now, about 15 months later, Barnes is out and Lindsey is back in his old job, according to a recent news release from the Indianapolis-based company.

Here’s some of what the company had to say:
 

Lindsey replaces Marcia Barnes, who has left the company to pursue other business interests. …  “The board and I are grateful for Marcia’s 13 years of leadership in the company, which helped us achieve our strong growth,” said Lindsey.  “Our company is at an exciting point in its journey and I look forward to continuing that momentum.”

The release also said that, “the company has named Brad Cumings as chief marketing officer and has promoted Scott DeNardin to the role of regional VP of its HVAC business division.”

Founded in 1998, DEFENDER bills itself as the nation’s leading ADT dealer. It has more than 2,400 employees in 50 states and more than 140 branch offices, according to the company. Its residential services include offerings from Williams Comfort Air, a heating, cooling and plumbing company.

Barnes had been with the company since its early years and worked closely with Lindsey, rising to the rank of president before she became CEO. I’ve got a call in to DEFENDER to learn more about what the latest leadership change will mean for the company. Stay posted!

 

ADT installers, techs unionize in North Carolina

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08/30/2013

WINSTON-SALEM, N.C.—A group of The ADT Corp. employees in North Carolina has joined the International Brotherhood of Electrical Workers (IBEW), according to that union.

Former Security Networks CEO Rich Perry mulls next move

Perry looks to 'find the right situation, grow another business'
 - 
08/21/2013

WEST PALM BEACH, Fla.—With the Aug. 16 close of the Monitronics-Security Networks deal behind him, former Security Networks CEO Rich Perry is taking some time off, but he’s spending some of that time thinking about his next venture in the security industry.

ADT celebrates birthday with community-service launch

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08/16/2013

BOCA RATON, Fla.—ADT, the largest residential-security company in North America, plans to celebrate its 139th birthday with the launch of ADT Always Cares, a community-service program.

Decision in Illinois fire alarm monitoring case 'significant' for industry

The ruling says public fire district monitoring services 'less safe' than those offered by private market
 - 
08/07/2013

ARLINGTON HEIGHTS, Ill.—A federal appeals court has upheld a previous court ruling favoring ADT and other alarm companies in a case involving public entities monopolizing fire alarm monitoring.

Latest change for Devcon welcomed

Devcon CEO Steve Hafen says ADT’s plan to buy the company is 'great news'
 - 
07/31/2013

HOLLYWOOD, Fla.— Devcon Security has undergone dramatic changes in the past few years: a rapid expansion, then an even faster downsizing and also a management shake-up. Now, an even bigger change—ADT’s announcement today that it has signed a deal to acquire Devcon for $148.5 million—is a welcome one, Devcon CEO Steve Hafen told Security Systems News.

Activist Ackman eyeing ADT?

 - 
Wednesday, July 10, 2013

Is the activist hedge fund chief William Ackman planning to buy a significant stake in ADT? There’s been some speculations that that’s the case, and as a result ADT’s stock price was way up yesterday. It rose 5.2 percent, its largest gain in months.

Ackman runs $12 billion Pershing Square Capital Management. According to a Bloomberg report, Ackman is raising money over the next 10 days to buy a stake in an unnamed “large-capitalization, investment-grade U.S. corporation that principally operates in one business.”

That information is from a letter that Bloomberg said Ackman sent to investors. He also said the stock trades at a lower multiple than its closest competitor and described the business as “simple, predictable, and free-cash-flow-generative, and enjoys high barriers to entry, high customer switching costs and substantial pricing power.”

The new fund will be capped at $1 billion and will invest alongside the New York-based firm’s main hedge funds, Bloomberg reported. Pershing will invest about 15 percent its $12 billion worth of capital in the same stock, “meaning the total investment could approach $3 billion. The firm, which already has a position in the stock, plans to buy more than 5 percent of the company and will talk to the board and management to bring about change.”

I’d like to hear some speculation about what kind of change Ackman might have in mind. I called Sarah Cohn at ADT, who said that the company does not “comment on market rumors or speculation.”

And this is all speculation, of course. Shares of FedEx were way up yesterday too, as some investors were betting that Ackman is looking at FedEx and not ADT.

Will keep you posted.

TycoIS sues ISC; N.J. integrator files counterclaim

Former SST employees Catagnus, Pichola and Richman at center of lawsuits that deal with trade secrets, non-compete agreements
 - 
06/26/2013

TOMS RIVER, N.J.—Claims of trade secrets stolen, employees poached and counterclaims that Tyco is trying to run a much smaller competitor out of business fill two lawsuits—one filed by Tyco Integrated Security at the end of May and a counterclaim filed by Integrated Security & Communications on June 24.

'20 under 40' 2013 - Stephanie Wagner

 - 
06/11/2013

Stephanie Wagner, 31
Licensing and compliance manager; field operations training and support,
The ADT Corp.
Boca Raton, Fla.

DIRECTV gets into security, acquires LifeShield

LifeShield, formerly InGrid, is a self-installed digital wireless system with monitoring by Protection 1
 - 
06/05/2013

EL SEGUNDO, Calif.—Satellite TV provider DIRECTV is getting into home security with the purchase of LifeShield. Formerly known as InGrid, LifeShield is a self-installed, professionally monitored, wireless digital security system.

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