Tag: ASG Security
Apollo lands Protection 1, ASG
June 1, 2015Martha Entwistle
NEW YORK—Apollo Global Management is about to take one giant leap into security with its May 19 agreement to acquire Protection 1 and ASG Security.
Under the agreement, reportedly $2 billion, the combined companies will operate under the Protection 1 brand, with Protection 1 CEO Tim Whall at the helm.
Whall told Security Systems News that given the companies' “like-minded approach to the operations, the combination will be a force in the marketplace."
The deal would...
Apollo lands Protection 1, ASG
May 20, 2015Martha Entwistle
Apollo Global Management is about to take one giant leap into security with its May 19 agreement to acquire Protection 1 and ASG Security.
Under the agreement, the combined companies will operate under the Protection 1 brand, with Protection 1 CEO Tim Whall at the helm.
Security Systems News reported on the proposed deal last week. Here's that story.
I had a chance to interview Protection 1 CEO Tim Whall, CMO Jamie Haenggi and ASG's CEO Joe Nuccio last night. I was looking for details...
Thoughts on a potential ASG-Protection 1 merger
May 13, 2015Martha Entwistle
YARMOUTH, Maine—How about the news this week of a purchase of and merger of ASG and Protection 1?
I'm eager to see how this all shakes out. Taking a look at the potential 50.4x RMR mulitiple if the purchase price is $2 billion, Imperial Capital's Jeff Kessler repeated his oft-emphasized mantra that the multiple of RMR is not the be-all end-all of deal valuations. You need to look at EBITDA and Steady State Cash Flow, neither of which publicly available for these companies right...
PE firm wants to combine Protection 1 and ASG
May 12, 2015Martha Entwistle
NEW YORK—Apollo Global Management, a $163 billion private equity group, is in talks to acquire Protection 1 and ASG, with the goal of combining the two companies, a source close to the deal told Security Systems News.
Nothing has been finalized in the deal, the source said. Final bids for ASG were due May 11. “Two viable parties, one of which is Apollo,” are bidding on ASG, the source said.
“Apollo Global Management is one of the top three largest private equity funds...
Vector's Pamela Petrow named CSAA president
May 5, 2015Spencer Ives
VIENNA, Va.—Pamela J. Petrow, president and CEO of Vector Security and newly named president of CSAA International, has set her sights on changing the association's image, improving value for members and increasing member involvement.
“In the past, some people have considered CSAA to be an 'old boys' club,'” Petrow told Security Systems News. “It does make me cringe, because there's a lot of value in the programs that CSAA brings, but sometimes, when...
NewsPoll: SSN readers debate the utility of CES home automation gadgets
February 18, 2015Spencer Ives
YARMOUTH, Maine—Home automation gadgets coming out of the 2015 Consumer Electronics Show are interesting, but discretion might be needed before some go too far, according to Security Systems News readers responding to our latest NewsPoll.
CES was a popular event—28 percent of SSN poll respondents attended the show in Las Vegas. Though 69 percent of respondents couldn't make it, they stayed current on news reports. Three percent said that CES is not on their radar.
“This...
ASG's buys Fleenor Protective Systems, adds 50 employees and UL-listed central
February 18, 2015Martha Entwistle
BELTSVILLE, Md.—Super-regional ASG Security started 2015 with the acquisition, announced today, of Fleenor Protective Systems, a Knoxville, Tenn.-based full-service security company.Mike Fleenor, former owner of Fleenor will join ASG, as will 50 employees. The deal also brings ASG 5,200 customers, $210,000 in RMR and a UL-listed Five Diamond-certified central monitoring station.Fleenor's Knoxville office will become ASG's new Eastern Tennessee branch. ASG declined to discuss terms of the deal.ASG...
'20 under 40' 2014—Dan Rose
October 21, 2014Martha Entwistle
Dan Rose, 28Director of finance, ASG Security, Beltsville, Md.What inspired you to get into the security industry?I've grown up around the security industry. My father worked at a security company that was started by my great-grandfather (Michigan Burglar Alarm), but I never really intended to go into security. Partially it was just timing. I was preparing to graduate with a degree in finance and ASG was looking for an entry-level financial analyst to help out with the budget. After six years, I've...
ASG buys in Texas and Connecticut
October 8, 2014Martha Entwistle
BELTSVILLE, Md.—Super-regional ASG Security added $150,000 in RMR via two acquisitions, one in New England and one in Texas.“Our story continues,” ASG Joe Nuccio told Security Systems News. “We continue to find very good, high quality companies that fit into our regions.”In a deal that brings 5,000 customers and $105,000 in RMR, ASG acquired Advanced Protection Systems of Corpus Christi, Texas. “The owners had the business for 30 years and built it brick by brick,”...
ASG consolidates in South Texas, acquires Laredo Alarms
July 16, 2014Martha Entwistle
BELTSVILLE, Md.—In a deal that boosts its RMR in South Texas to $1.2 million, super-regional ASG Security has acquired Laredo Alarms of Laredo, Texas.“We dominate in this part of Texas,” Joe Nuccio, ASG CEO, told Security Systems News.“We've known Fidel Gonzalez (former owner of Laredo Alarms) for a long, long time. He's run a high quality company for about 29 years. We're fortunate that he considered selling the company to us and today he's with us and will run the Laredo...