Tag: Blackstone Group
Guard merger to produce $4.5b 'AlliedUniversal'
May 4, 2016Martha Entwistle
CONSHOHOCKEN, Pa. and SANTA ANA, Calif.—AlliedBarton Security Services and Universal Services of America on May 3 announced a plan to merge, creating AlliedUniversal, a guard company with $4.5 billion in revenues and 140,000 officers.AlliedUniversal is expected to realize “approximately $100 million in synergies,” according to the announcement.Asked about the synergies, Bob Perry, president of Robert H. Perry & Associates, a business consultant who specializes in the guarding industry,...
Vivint's new center to support sales and customers
May 6, 2014Tess Nacelewicz
PROVO, Utah—Vivint has taken another step in growing its Utah footprint, establishing a new service support center in the college town of Logan, Utah.The Logan support center, which will have from 70 to 80 employees, opened April 21, according to Starr Fowler, vice president of human resources for the home automation/home security company, which is based here.She told Security Systems News that the center will focus on supporting account creation and customers.Employees there, Fowler said,...
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Vivint says 2013 banner year for new subscribers
February 26, 2014Tess Nacelewicz
The number of Vivint's net new subscribers in 2013 was 219,034, the most in the company's 15-year history, Vivint President Alex Dunn told investors this week at the J.P. Morgan Global High Yield and Leveraged Finance Conference. APX Group Holdings, of which Provo, Utah-based home automation/home security company Vivint is a subsidiary, presented at the conference on Feb. 25.
According to information on the presentation provided by the company, Dunn presented Vivint to investors as a key player in...
Vivint to open new sales center in Washington state
June 26, 2013Tess Nacelewicz
PROVO, Utah—Home automation/home security giant Vivint is opening a new 400-employee sales center in Washington state, part of a move by the door-knocking company to diversify itself by increasing inside sales.“The bigger vision over time is that we still have this strong summer-program model but we have a more diversified channel, meaning we're not just a door-to-door company doing direct-to-home sales but we also have a very strong inside sales program that provides balance,”...
Blackstone purchase of Vivint sets record in Utah
May 10, 2013SSN Staff
SALT LAKE CITY, Utah—The Mountain West Capital Network, a business networking organization devoted to entrepreneurs, announced that the state of Utah saw more than $11 billion in mergers and acquisitions, public offerings, private equity and venture capital financing transactions in 2012, according to an article from Forbes.
Marquee deals of the year included Vivint's $2 billion purchase by the Blackstone Group, a transaction that MWCN said was “the largest technology acquisition in...
This Blog's on Fire (And Other Stuff)
Vivint CEO buying golf course, becoming developer
March 27, 2013Tess Nacelewicz
Vivint has been in the news a lot since it was acquired late last year by the Blackstone Group for more than $2 billion. But the latest scoop is actually about the CEO of the Provo, Utah-based company, Todd Pedersen. He's about to buy a golf course in nearby Orem and turn it into a housing development where he and others will live, according to the Daily Herald, a Provo-based newspaper.
But Pedersen also will give 20 acres of the property back to the city for recreation, the report says.
The paper...
Vivint CEO named 2013 entrepreneur of the year
February 28, 2013SSN Staff
PROVO, Utah—Todd Pedersen, co-founder and CEO of Vivint, has been named the 2013 entrepreneur of the year by MountainWest Capital Network, according to an article from The Digital Universe, a campus newspaper at Brigham Young University.
“My success as an entrepreneur stems from the fact that I love what I'm doing and where we are trying to take this company,” Pedersen said in the article. “We are really having a lot of fun.”
Vivint, which employs over 3,200 employees...
Vivint: 'Disruptive innovation' key to success
January 30, 2013Tess Nacelewicz
PROVO, Utah—“Disruptive innovation”—shaking up the traditional security model to create new markets—is a major reason for Vivint's success, according to Vivint COO Alex Dunn. And he said the company plans to build on that success with its recent hire of a prominent strategy consultant whose job it is to focus on such innovation.“We're making a bet that there's more opportunity to disrupt,” Dunn told Security Systems News regarding the hiring of Matthew Eyring...
Former Vivint CFO joins Viamedia
January 7, 2013SSN Staff
LEXINGTON, Ky.—Chris Black, who recently departed as chief financial officer at Vivint, has been named to the same position at Viamedia, which is based here and specializes in selling advertising to local, regional and national advertisers on behalf of U.S. cable and telecommunications companies, utilities and municipalities, according to a Viamedia statement.
“I am very pleased to be joining [Viamedia CEO] Jeff Carter and the rest of the impressive Viamedia team,” he said in statement....
Vivint Solar among Hawaii's fastest growing solar power provider
November 12, 2012SSN Staff
PROVO, Utah—Vivint Solar, a provider of solar power solutions based here, announced it is one of Hawaii's fastest growing solar photovoltaic providers, according to a company statement.
Vivint Solar, is a division of Vivint, a security and home automation provider. Vivint signed an agreement to be acquired by Blackstone in a $2 billion dollar deal. After that deal closes, Vivint Solar will be an independent entity, not owned by Blackstone.
In Hawaii, residential electricity costs are the most...