WASHINGTON--ADT Security Services recently became a member of the Business Women's Network and Diversity Best Practices organizations. These two groups are affiliated and serve as a resource for corporations in all areas of women's issues.
TORONTO--There are more similarities than initially meet the eye between a company that helps protect homes and one that keeps them warm, says the chief executive officer of Protectron, a full service security company recently acquired by Union Energy, a home heating company.
"It may come as a surprise to some, but when you look at our missions, you see that we're both in the peace-of-mind business," said Daniel Demers, president and chief executive officer of Protectron.
TORONTO--In late June, UE Waterheater Income Fund, through its Union Energy operating unit, entered into an agreement to purchase full-service security company Gestion Protectron for CDN 135 million ($109 million).
Founded in 1988 and headquartered in Montreal, Protectron--a company that added 40,000 accounts to its base when it acquired Protection One Canada from Westar Energy in 2002--accounts for approximately 176,000 residential, commercial and wholesale subscribers in Quebec, Ontario and British Columbia.
LAWRENCE, Kan.--Protection One continued to reduce its indebtedness in late June as the company cut down its existing debt by $15 million, while at the same time expanding its operations in both the residential and commercial sectors.
APTOS, Calif.--Two competing independent alarm businesses are consolidating efforts in a move that will solidify the combined entity's position as one of the largest security companies in the Monterey Bay region of California.
ST. AUGUSTIN, Quebec--After struggling to reorganize the company for three years amid debt it acquired during the mass marketing age, Microtec Enterprises' shareholders approved a recapitalization plan in June that makes Microtec a wholly owned subsidiary of First National AlarmCap.
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?