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Tag: Mergers & Acquisitions


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LexisNexis Risk Solutions completes IDVerse acquisition

February 19, 2025SSN Staff

ATLANTA and LONDON — LexisNexis Risk Solutions, part of RELX, closed its acquisition of IDVerse, a provider of AI-powered document authentication and fraud detection solutions. IDVerse is now part of the Business Services segment of LexisNexis Risk Solutions and will continue to be available within its LexisNexis RiskNarrative platform, LexisNexis IDU, and will be offered within its LexisNexis Dynamic Decision Platform as a stand-alone solution later this year. IDVerse uses AI to combat...

fraud detection, IDVerse, LexisNexis Risk Solutions, Mergers & Acquisitions, Rick Trainor


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An uncertain political climate

Residential

An uncertain political climate

February 13, 2025Ken Showers, Managing Editor

STOCKHOLM — ASSA ABLOY CEO Nico Delvaux believes the company’s “decentralized organization” will help it weather an uncertain political climate that includes U.S. tariffs on steel imports.  “I would say we also continue to live in an uncertain political climate where potential tariffs come and go,” Delvaux said during a recent conference call to discuss the company’s fourth quarter financial results. “That's something we have to live with...

Assa Abloy, Mergers & Acquisitions, Nico Delvaux, Residential, tariff


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Pye-Barker Fire & Safety secures additional private capital for expansion

Commercial

Pye-Barker Fire & Safety secures additional private capital for expansion

January 10, 2025SSN Staff

ATLANTA — Pye-Barker Fire & Safety announced that it has raised additional capital for increasing its technician workforce investment, and growth through acquisition. The transaction was completed in January 2025. Pye-Barker’s two lead investors, Altas Partners (“Altas”) and Leonard Green & Partners (“LGP”), remain unchanged. Altas retained the majority of its interest in the company, while LGP invested new equity and retained a meaningful portion of its existing...

Bart Proctor, fire protection, life safety, Mergers & Acquisitions, Pye-Barker Fire & Safety


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Carrier tightens portfolio amid turbulence

Suppliers

Carrier tightens portfolio amid turbulence

December 17, 2024Ken Showers, Managing Editor

PALM BEACH GARDENS, Fla.— Carrier Global’s recent sale of its commercial and residential fire business is a move calculated to simplify the company’s portfolio and refocus its efforts at a time of international turbulence.  Other companies inside and outside of the security industry have been similarly streamlining their portfolios. ADT sold its commercial business in 2023 and closed its solar division the following year to focus on its residential security business.  Similarly,...

ADT, Carrier Global Corp., commercial, Honeywell, HVAC, Mergers & Acquisitions, Residential, tariff


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Allied Universal Announces Acquisition of Aim Insurance Services

Suppliers

Allied Universal announces acquisition of Aim Insurance Services

December 6, 2024SSN Staff

IRVINE, Calif. — Allied Universal has announced the acquisition of Aim Insurance Services, a premier provider of property loss adjusting services across Australia.  Aim Insurance Services will become part of the Allied Universal Compliance and Investigations, the global claims services business unit of Allied Universal. “This acquisition aligns with Allied Universal’s growth strategy and commitment to providing comprehensive claims support services to insurers and third-party...

Aim Insurance Services, Allied Universal, Mark Green, Mergers & Acquisitions, Steve Jones


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ASSA ABLOY acquires Lawrence Doors

Commercial

ASSA ABLOY acquires Lawrence Doors

November 6, 2024SSN Staff

STOCKHOLM — ASSA ABLOY has acquired Lawrence Doors, a U.S. manufacturer of coiling steel doors, grilles and counter shutters. Lawrence Doors was founded in 1925 and has some 120 employees. The main office and factory are located in Baldwin Park, Calif. Lawrence Doors will be part of the Business Segment Residential within the Entrance Systems Division. "I am very pleased to welcome Lawrence Doors into the ASSA ABLOY Group. This acquisition delivers on our strategy to strengthen our...

Assa Abloy, Lawrence Doors, Massimo Grassi, Mergers & Acquisitions, Nico Delvaux


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GardaWorld to acquire Stealth Monitoring

Monitoring

GardaWorld to acquire Stealth Monitoring

October 21, 2024SSN Staff

MONTREAL — Private security firm GardaWorld has announced that it has entered into a binding agreement to acquire Stealth Monitoring, a provider of commercial, mobile, and fixed video monitoring security solutions.  GardaWorld said that the acquisition will unite the complementary strengths and technologies of both companies, significantly elevating the value and scope of its customer offerings. “With decades of experience in mobile and fixed video monitoring, we...

GardaWorld, Max Baigelman, Mergers & Acquisitions, Private security, Stealth Monitoring, Stephan Crétier, Video Monitoring, video monitoring solutions


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Flock Safety acquires Aerodome

Commercial

Flock Safety acquires Aerodome

October 18, 2024SSN Staff

ATLANTA — Flock Safety, a public safety technology provider, has announced the acquisition of Aerodome, a pioneer in Drone as First Responder (DFR) technology. This move brings Aerodome’s drone and remote piloting software under the Flock Safety umbrella, and accelerates its plan to introduce a suite of American-made, National Defense Authorization Act (NDAA)-compliant drones, set to be released over the next 12 months. These new drones will be fully compliant with the National Defense...

Aerodome, Drone as First Responder (DFR), Flock Safety, Garrett Langley, Mergers & Acquisitions, Rahul Sidhu


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Sciens Building Solutions acquires Classic Protection Systems

Commercial

Sciens Building Solutions acquires Classic Protection Systems

October 15, 2024SSN Staff

SAN FRANCISCO — Sciens Building Solutions (“Sciens”) has announced that it has welcomed Houston, Texas-based Classic Protection Systems (“Classic”) to its growing portfolio of companies. Sciens said this acquisition helps further expand their presence in the Texas market, while providing Classic and its customers with even deeper resources and expertise, as well as the ability to leverage Sciens’ growing presence across North America. “Classic and Sciens...

Access Control, CCTV, Classic Systems, Curtis Carsey, Mergers & Acquisitions, Sciens Building Solutions, Terry Heath


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Pye-Barker acquires Pasco Fire & Safety Equipment

Commercial

Pye-Barker acquires Pasco Fire & Safety Equipment

October 9, 2024SSN Staff

ATLANTA — Pye-Barker Fire & Safety has acquired Pasco Fire & Safety Equipment, a fire protection company located north of Tampa, Fla. Following the acquisition, Pasco will work alongside Pye-Barker's experienced fire protection and security teams in the Tampa area and will expand Pye-Barker's capacity to service the fire extinguishers and fire suppression systems of new and existing customers in the region. Pasco Fire & Safety Equipment has been a trusted name in central Florida...

Bart Proctor, fire protection, Mergers & Acquisitions, Michael Ekstrom, Pasco Fire & Safety Equipment, Pye-Barker Fire & Safety


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