Tag: Devcon
ADT closes Protectron acquisition
July 8, 2014Leif Kothe
The ADT Corporation announced yesterday that it has closed its acquisition of Canadian monitoring giant Protectron.
ADT, which executed a definitive agreement to acquire Reliance Protectron in April, acquired the company for total cash consideration of CAD $555 million.
ADT has now officially added 400,000 customers and 31,000 accounts north of the border, worth approximately $11 million in RMR.
ADT, which already has two central stations in Canada, adds four more through the acquisition. Protectron,...
Kastle Systems acquires monitoring station, Mutual Central Alarm Services from ADT
November 22, 2013Martha Entwistle
FALLS CHURCH, Va.—Kastle Systems International added 4,000 customer sites and a new, highly specialized UL-listed Five Diamond central station in New York City with the Nov. 21 acquisition of Mutual Central Alarm Services and Stat-Land Security Systems from ADT.Kastle, an integrator and full-service security company, specializes in managed services for commercial real estate properties and their tenants. It protects more than 2,000 properties and 37,000 businesses across the U.S.“The...
Latest change for Devcon welcomed
July 31, 2013Tess Nacelewicz
HOLLYWOOD, Fla.— Devcon Security has undergone dramatic changes in the past few years: a rapid expansion, then an even faster downsizing and also a management shake-up. Now, an even bigger change—ADT's announcement today that it has signed a deal to acquire Devcon for $148.5 million—is a welcome one, Devcon CEO Steve Hafen told Security Systems News.“It is great news,” Hafen said. “It's a good development for Devcon and I'm excited about it.”When asked what...
Guardian Protection's new VP of sales unveils 'multi-dimensional' plans
January 16, 2013Tess Nacelewicz
WARRENDALE, Pa.—Guardian Protection Services, a super-regional based here, recently announced plans to create “a multi-dimensional inside sales center.”Barry Bruce, the company's new senior VP, corporate sales, will lead the effort to establish the center, the company said.Bruce, who was VP of national sales for Devcon Security before being hired by Guardian in October, told Security Systems News that the new sales center would build on the company's existing inbound call center...
Devcon 'getting back to core business'
December 28, 2012Martha Entwistle
NEW YORK—At the Imperial Capital Security Investor Conference here on Dec. 13, Devcon's chairman of the board, Christopher Munday, spoke frankly about the company's challenges in the past couple of years—including an ill-fated branch expansion. He confirmed that the company is actively seeking a buyer and shared several operating and financial metrics to support his assertion that the company is on strong footing.
In 2010 and 2011, Devcon hired many former Brink's Home...
Devcon's past mistakes, future promise at Imperial Capital's SIC
December 19, 2012Martha Entwistle
It was a very full day at the Imperial Capital Security Investor Conference on December 13. Starting before 8 a.m. with John Mack's “State of Security Finance/M&A Markets” and wrapping up at 5:30 with a very cool panel discussion on BYOD—a great discussion topic, which should be a cause for concern for integrators, manufacturers, and end users alike. We'll have more on this topic at TechSec in Florida, Feb. 5&6, 2013. Check out this link. �
During the course of the...
Pinnacle streamlines staff
December 5, 2012Tess Nacelewicz
OREM, Utah—After recently selling a large number of its accounts to Monitronics, Pinnacle Security, a leading summer-sales-model company based here, laid off some of its staff last week.“We have streamlined or rightsized our work force,” Jared Chappell, president and founder of the company, told Security Systems News in an email interview.He declined to say how many employees were let go or what positions they held. “Changes took place in areas where there were redundancies...