Tag: ASG
ASG principal named as senior fellow for Homeland Security
October 10, 2018SSN Staff
RENTON, Wash.—Joe Zaccaria, principal with the Enterprise Security Risk Group (eSRG) of Aronson Security Group/ADT, was named a senior fellow of the center of excellence for Homeland Security Emergency Management (HSEM).As a senior fellow, Zaccaria becomes a member of the HSEM training and education institute that works with the center of excellence to pursue knowledge and best practices toward building resilience in education organizations, business and government agencies, Washington State,...
Apollo to buy ADT for $6.9 billion, combine with Protection 1
February 16, 2016Martha Entwistle
BOCA RATON, Fla.—Apollo has landed again. After years of rumors that ADT would be acquired by one entity or another, the home and business security giant today announced it has agreed to be acquired by Apollo Global Management for $6.9 billion ($42 per share). Apollo plans to combine ADT with Protection 1 and, according to an ADT news release, “will operate primarily under the ADT brand.”
Apollo, which manages $170 billion and is one of the world's largest private equity...
ASG COO moves to SecureNet
December 2, 2015Spencer Ives
LAKE MARY, Fla.—Bill Rose, formerly ASG's chief operating officer, is now the COO for SecureNet Technologies, a software company based here that provides a platform for various security devices in the home.Rose will be looking into new products and technologies, and overseeing the new integrations into SecureNet's platform, he told Security Systems News.“One of the big things that I bring to SecureNet is having 30-plus years working … in the security field, specifically in selling similar...
Haenggi takes on new role at Protection 1
August 31, 2015Martha Entwistle
CHICAGO—Full service security giant Protection 1, which was recently acquired by private equity firm Apollo Global, today announced that Jamie Haenggi has been promoted to the newly created role of chief revenue officer.
Apollo also acquired super-regional security company ASG. The two companies, which are in the process of being integrated, form the new Protection 1, a $600 million organization with about $40 million in RMR.
Haenggi will be responsible for leading marketing, customer...
Protection 1 buys Cam Connections
June 2, 2015Martha Entwistle
LAKELAND, Fla.—Protection 1 announced today that it is buying Cam Connections, (CCI) a full-service integrator based here. The acquisition comes in the midst of Protection 1 being acquired by Apollo Global Management, but it's still closing deals on its own.
"While CCI serves a number of different industries, they are particularly strong in the retail segment and providing integrated high-end solutions," Protection 1 CMO Jamie Haenggi told Security Systems News in an email...
Who's afraid of Google?
April 1, 2015Amy Canfield
YARMOUTH, Maine—Google's venture into home security and automation may turn out to be a very good thing for traditional resi companies, according to providers interviewed by Security Systems News.
That's not to say it won't pose challenges, maybe even some big ones, but any sound company that has solid customer service and stays on its technological toes shouldn't fear Google's foray, they said. Monitoring companies could stand to benefit, too.
“I love it,”...
ASG buys in Louisiana, Florida
April 23, 2014Martha Entwistle
BELTSVILLE, Md.—Bolstering its platforms in Louisiana and Florida, super-regional security company ASG on April 22 announced two acquisitions: Alarm Detection Systems (ADS) of Houma, La., and Amsafe Security Systems, based in Ft. Lauderdale, Fla.With these deals done, ASG is working “to build the territories to continue to grow internally, which is the thesis for all the companies we acquire,” Joe Nuccio, ASG CEO, told Security Systems News.Nuccio and other ASG executives, CFO Ralph...
ASG ups credit facility to $300 million
February 5, 2014Martha Entwistle
BELTSVILLE, Md.—ASG in January upped its credit facility to $300 million.This is the second time the super-regional has increased its credit limit in 10 months. In April 2013, ASG increased its credit facility from $250 million to $270 million.At that time, Ralph Masino, ASG CFO, said that the super-regional had the opportunity to up the revolver by another $30 million. The same is true this time. “We increased it by $30 million and we reset the ability to add another $30 million if we'd...
CPI sues ASG, accusing it of 'raiding' CPI's sales reps
October 2, 2013Tess Nacelewicz
CHARLOTTE, N.C.—CPI Security Systems, based here, has filed a lawsuit against the Alarm Security Group (ASG), accusing ASG of “raiding” sales reps from CPI by means of deceptive practices.Now, CPI contends in the lawsuit, former CPI employees working for ASG “are misappropriating CPI's confidential/proprietary information and trade secrets … and ASG is directly benefiting from this misappropriation.”The lawsuit was filed last week in the General Court of Justice, Superior...
ASG moves into new state
December 6, 2010Martha Entwistle
TULSA, Okla.—ASG CEO Joe Nuccio said his latest acquisition, announced Dec. 3, of TnT Security is “like the Southwest Airlines of alarm companies.”
“I've looked at a lot of companies over the years, and this is among the top 10 in terms of how well it was built, its efficiency, strategy, and the extreme loyalty of its customers to the brand,” Nuccio told Security Systems News.
TnT, which is 80 percent residential right now, has concentrated on “one panel, one type...