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ADT names Jim DeVries as president

DeVries joined ADT in May 2016 from Allstate
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09/13/2017

BOCA RATON, Fla.—ADT recently announced that Jim DeVries, the company’s COO, will be promoted to the role of president; DeVries told Security Systems News that it is a newly created position at ADT.

Smart devices increasing within home security

New Parks’ research examines adoption of smart door locks, lights and thermostats
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09/13/2017

DALLAS—New research by Parks Associates reveals that 42 percent of new security installations include a smart home device such as a door lock, light or thermostat.

Vector Security acquires Security Associates LLC

Purchase expands Vector’s presence in the Baltimore, Washington D.C. areas
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08/10/2017

PITTSBURGH—Vector Security Inc., a home and business automation solutions provider based here, gained nearly 10,000 accounts when it acquired Security Associates LLC, a local security provider based in Baltimore.

ADS purchases ERMC Security Solutions

Deal enhances the company’s Chattanooga branch
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08/07/2017

NASHVILLE, Tenn.—In a deal finalized on Aug. 3, ADS Security purchased ERMC Security Solutions’ account base, bringing more than 600 accounts under ADS’ branch in Chattanooga, Tenn.

NorthStar opens affiliate program

Company seeks dealers for the first time in its 17 year history
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08/02/2017

OREM, Utah—Home security and automation company NorthStar recently announced its new Authorized Affiliate Funding Program.

LifeShield acquired by Hawk Capital Partners

The DIY company tripled its subscribers under former ownership of DIRECTV
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08/02/2017

LANGHORNE, Pa.—LifeShield, a DIY installed and professionally monitored security solution, was acquired by Hawk Capital Partners, the firm announced on July 27.

ADT settles with three security companies for $5.5m in deceptive sales lawsuits

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08/02/2017

BOCA RATON, Fla.—ADT on July 28 announced settlements with Alder, its owner, Adam Schanz, and two MONI dealers—Alliance Security and Capital Connect—as part of lawsuits against those three companies and Schanz alleging the use of deceptive sales practices to mislead ADT customers.

Owen security makes fifth purchase in 12 months

Company expands in its footprint by acquiring ACS Security-Rome
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07/26/2017

CALHOUN, Ga.—Owen Security Solutions, a regional alarm company based here, recently completed the largest acquisition in the company’s history, adding on more than 1,700 accounts when it purchased ACS Security-Rome.

Oaktree Capital Management buys My Alarm Center

Company to improve organic and acquisitive growth channels
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07/26/2017

NEWTOWN SQUARE, Pa.—My Alarm Center, a national home security and automation provider based here, was recently sold to global investment firm Oaktree Capital Management, headquartered in Los Angeles. The deal closed on July 14.

Ascent Capital Group names new CFO

Fred Graffam will become CFO of Ascent and its wholly-owned subsidiary MONI
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07/19/2017

ENGLEWOOD, Colo.—Ascent Capital Group, MONI’s parent company based here, announced yesterday that Fred Graffam will succeed Michael Meyers as Ascent’s CFO as well as MONI’s CFO.

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Poll

SSN News Poll November 2017

In the past month hurricane Harvey has struck Texas and Hurricane Irma has greatly impacted Florida. As companies that provide life safety, peace of mind and security, how do you prepare for large natural disasters?