Tag: Mergers & Acquisitions
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,...
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...
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...
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...
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...
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...
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...
Pye-Barker opens October with acquisition of PEAK Alarm Company
October 1, 2024SSN Staff
ATLANTA — Pye-Barker Fire & Safety has acquired PEAK Alarm Company, expanding the company's geographic reach throughout the West.
The acquisition adds more than 100 security professionals to the Pye-Barker team.
PEAK Alarm Company offers clients security systems, fire alarms, CCTV, access control, environmental hazard monitoring and 24-hour monitoring. The company has six locations in Utah, Idaho and Colorado, and extends coverage throughout these states and into Wyoming, Oregon and...
Cobalt Service Partners acquires Automatic Entrances of Wisconsin
September 23, 2024SSN Staff
NEW YORK — Cobalt Service Partners (Cobalt), a commercial access solutions platform backed by Alpine Investors (Alpine), announced its acquisition of Automatic Entrances of Wisconsin (AEW).
Cobalt describes AEW as Wisconsin’s leading automatic door installation and service provider. The company is Cobalt’s ninth acquisition since launching in December of 2023, and its eighth acquisition of 2024.
AEW was founded by Bill Holcomb and his wife in 1976 after acquiring a failing...
Pye-Barker Fire & Safety acquires Altronics
September 20, 2024SSN Staff
ATLANTA — Pye-Barker Fire & Safety has acquired Altronics Security Solutions, a Pennsylvania-based company specializing in security alarms, video surveillance and access control.
On Pye-Barker's team, Philip Gardner, VP of Business Development, coordinated the transaction. Nelson Mullins Riley & Scarborough LLP represented Pye-Barker.
Altronics said it will work with Pye-Barker's established fire protection and security teams in the region to provide localized service that supports...