Tag: Daniel Demers
ADT to acquire Protectron for $500 million
April 30, 2014Leif Kothe
BOCA RATON, Fla.—In what will be its largest acquisition as an independent company, ADT has agreed to acquire Canada-based monitoring giant Protectron in a $500 million deal, giving the company another 400,000 customers north of the border. It adds 31,000 accounts, worth approximately $11 million in RMR.The deal is subject to government and regulatory approvals and is expected to close this summer.Protectron's customers are 75 percent residential. The company has four central stations and 900...
CSAA General Meeting: 'Overall, we're in a very healthy situation.'
June 16, 2011Daniel Gelinas
CHARLOTTE, N.C.—The Central Station Alarm Association held its general membership meeting on June 7 at the ESX show, and the message to attendees was that while the economy is tough, the monitoring industry's association is doing okay and is pushing for action in the form of a nationwide initiative to radically revamp public safety communications.
CSAA treasurer Daniel Demers (Reliance Protectron Security Services) said that on the surface, the financial outlook may seem grim, but that...