CHICAGO--Initial Electronics, the North American arm of Rentokil-Initial's Initial Electronic Security Group, announced in October an agreement to acquire Barry Security Systems, of Tewksbury, Mass. Barry, which collected roughly $6.
MIAMI--ATC International, a voice, data and security integrator, announced this week the acquisition of JBE Technology, a wireless technology provider based in Hollywood, Fla., serving southern Florida and Latin America.
FARMINGTON, Conn.--UTC Fire & Security, a business unit of United Technologies, announced September 5 an agreement to buy systems integrator Red Hawk Industries, based in Colorado in a deal worth more than $100 million.
DAVENPORT, Iowa--As of October 1, Per Mar Security Services assumed the accounts and assets of Olson Security, a relatively small operation serving Maquoketa, Iowa. Owned by husband and wife Buddy and Myrna Olson, the company brings Per Mar roughly 240 commercial accounts and 160 residential accounts.
CHICAGO--LaSalle Bank, which operates roughly 150 branches here in the Chicago area, has sued its recently fired security director and security system integrator, claiming a conspiracy to defraud the bank of as much as $42 million.
According to a statement released by LaSalle, their only communication with the media on this matter, "George Konjuch, 53, of Des Plaines, is suspected of participating in a scheme to defraud the bank by causing it to pay false invoices for services that either were not provided or were worth far less than the amounts invoiced.
Some companies this year have discussed the benefit of moving from operating their own central stations to partnering with a third party monitoring center, including RFI Communications, Red Hawk Fire & Security and Comtronics. Will more companies switch to using wholesale centrals?