Subscribe to RSS - Residential Security

Residential Security

Video in the home goes mainstream

Checking in on kids, elderly parents and pets facilitated by residential video surveillance
 - 
09/02/2014

In the second decade of the 21st century, home security is no longer just about catching bad guys.

Possible Protection 1 buyers: PE firm, telecom or cableco

Pro 1 is reportedly up for sale with a $1.5b price tag, and an analyst tells SSN having an 'asset of this quality' on the market is unusual
 - 
08/06/2014

YARMOUTH, Maine—Home security giant Protection 1 is up for sale for more than $1.5 billion, Reuters reported this week. Likely buyers could range from a top private equity firm to a telecom or cableco, an industry analyst told Security Systems News.

ADT closes Protectron acquisition

 - 
Tuesday, July 8, 2014

The ADT Corporation announced yesterday that it has closed its acquisition of Canadian monitoring giant Protectron.

ADT, which executed a definitive agreement to acquire Reliance Protectron in April, acquired the company for total cash consideration of CAD $555 million.

ADT has now officially added 400,000 customers and 31,000 accounts north of the border, worth approximately $11 million in RMR.

ADT, which already has two central stations in Canada, adds four more through the acquisition. Protectron, a portfolio company of investment funds managed by Alinda Capital Partners, has 900 employees. Its customer base is 75 percent residential.

ADT’s plan, as stated at the time it agreed to acquire the company, is to use the acquisition as the platform for a stand-alone business in Canada with a dedicated management team, a move designed to address the country’s specific market needs. In a news release, ADT said it planned to continue to using the Protectron brand under ADT ownership.

In late April, following the acquisition agreement, Lee Jackson, regional VP Canada, said it was too early to say whether ADT would keep all six Canadian central stations in operation. He noted that ADT has yet to determine which resources and administrative functions it will transfer to Canada to supports its expanded account base in that country, now up to 800,000.

The acquisition goes down as ADT’s largest since becoming an independent company, far surprassing its 2013 Devcon deal, according to John Mack, EVP and managing director at Imperial Capital, who spoke to SSN when the agreement to acquire became public. At the time, Mack said the deal signals a return to “growth initiatives [through] high quality acquisitions” and predicted the deal would help ADT’s attrition profile while bolstering its enhanced services sales.

It will be interesting to wait and see if Mack's words prove to be prophetic.

2014 year of acquisitions for B Safe

The Delaware company just acquired in its backyard after buying in New Jersey and says more buys are expected
 - 
05/30/2014

WILMINGTON, Del.—B Safe, a regional security company based here, has acquired Total Security of Newark, Del. The acquisition comes on the heels of two recent buys B Safe made in New Jersey, and the company has its sights set on more.

ADT offers up to $25K to expose security sales scams

Whistle-blowers can collect if they provide evidence leading to successful civil prosecution of offending companies
 - 
05/28/2014

BOCA RATON, Fla.—ADT is offering as much as $25,000 to anyone willing to blow the whistle on security companies that train their door-to-door sales teams to use deceptive sales techniques, the home security giant announced this week.

Vivint’s new center to support sales and customers

The home automation/home security company expands again
 - 
05/06/2014

PROVO, Utah—Vivint has taken another step in growing its Utah footprint, establishing a new service support center in the college town of Logan, Utah.

Judge stays ADT’s second lawsuit against Vision Security

ADT ordered to first comply with previous settlement agreement it made with the door-knocking company in an earlier lawsuit over deceptive sales techniques
 - 
04/30/2014

OREM, Utah and BOCA RATON, Fla.—A federal judge has put a 45-day hold on a second lawsuit that ADT had brought against Utah-based Vision Security over alleged deceptive sales practices. During that time, the two companies must follow a recent settlement agreement ADT worked out with Vision after ADT previously sued that door-knocking company on very similar charges.

Guardian Alarm acquires in Ohio

The Michigan company’s buy of ADS Security Systems adds accounts and highly valued technicians
 - 
04/23/2014

SOUTHFIELD, Mich.—Guardian Alarm, a super-regional based here, has strengthened its Ohio presence by acquiring ADS Security Systems, of Concord, Ohio, according to Guardian President David Goldstein.

Mircom taps into 'connected condo' market

The Canadian company says residents of multifamily residential units want home automation features too
 - 
04/09/2014

LAS VEGAS—Everyone has heard of the connected home, but what about the connected condo? That’s an untapped market that Mircom, a Toronto-based manufacturer and distributor of intelligent building and life safety solutions, says it is successfully targeting.

GuardMe expands into Texas

Plans to move into at least three more states, ‘slowly and methodically’ expanding its teleselling/door-knocking approach
 - 
03/31/2014

OLD BRIDGE, N.J.—GuardMe Security, based here, is expanding into Texas and will be using its new “hybrid” door-to-door/teleselling model in the state.

Pages