Tag: Raymond James
Election, interest rate uncertainty will give way to ‘huge overhang of money’ in 2025
November 6, 2024Cory Harris, Editor
NEW YORK—The security industry’s financial outlook appears to be on an upswing, according to three experts who offered their investment insights during the recent Security Industry Association’s (SIA’s) Securing New Ground (SNG) conference.
M&A acceleration in 2025
John Mack, executive vice president, Imperial Capital, pointed out that YTD global M&A activity rose 14% to $846.8 billion compared to 2023; however, U.S. activity was down 8% to $338...
Johnson Controls acquires Security Enhancement Systems
April 19, 2022SSN Staff
CORK, Ireland—Johnson Controls, a global leader for smart, healthy and sustainable buildings, announced that it has acquired Security Enhancement Systems LLC (SES), a provider of mobile-based, keyless access control solutions used in critical infrastructure, including telecommunication towers for major providers.
"We are committed to providing the best and most complete access control solution to our customers,” said Sanjeev Singh, vice president, product management, Johnson Controls...
Comcast and Alarm.com to acquire Icontrol
June 23, 2016Martha Entwistle
TYSONS, Va. and PHILADELPHIA—Interactive services platform provider Alarm.com and cable giant Comcast today signed agreements to acquire different business units of platform provider Icontrol Networks, based in Redwood City, Calif.Security Systems News reported on the potential deal on June 15.Alarm.com, a direct competitor to Icontrol, will acquire the Connect and Piper business units from Icontrol for approximately $140 million.Comcast will acquire Icontrol's "Converge" software platform,...
JCI and Tyco announce post-merger executive line-up
May 27, 2016Martha Entwistle
MILWAUKEE and CORK, Ireland—Johnson Controls and Tyco International,�which announced plans to merge in January, today announced the post-merger executive line-up.
The deal is expected to close Oct. 1, 2016.
Seven corporate executive officers were named, and seven business leaders were announced.
Five of the seven corporate executive officers are JCI employees who currently hold the same role at JCI that they will at the combined company. Two of the corporate executive officers come...
Apollo to buy ADT for $6.9 billion, combine with Protection 1
February 16, 2016Martha Entwistle
BOCA RATON, Fla.—Apollo has landed again. After years of rumors that ADT would be acquired by one entity or another, the home and business security giant today announced it has agreed to be acquired by Apollo Global Management for $6.9 billion ($42 per share). Apollo plans to combine ADT with Protection 1 and, according to an ADT news release, “will operate primarily under the ADT brand.”
Apollo, which manages $170 billion and is one of the world's largest private equity...
Seqouin joins investment firm Raymond James
October 9, 2015SSN Staff
MEMPHIS, Tenn.—Raymond James has hired Stephan Segouin as a managing director in the firm's Security, Defense & Government Services Investment Banking practice. Segouin will work with group co-head Alper Cetingok to provide a full range of M&A advisory and capital-raising services to companies in the global security sector.
Segouin has more than 23 years of finance and deal experience on both the corporate and investment bank sides. He joins Raymond James from ADT, the largest provider of alarm...
Battery Ventures to buy NICE security unit for $100 million
August 3, 2015Martha Entwistle
BOSTON—Battery Ventures, a technology investment firm based here, announced today it will acquire the physical security business unit (PSBU) of NICE Systems for up to $100 million.
Jesse Feldman, general partner at Battery Ventures, told Security Systems News that Battery will use the PSBU as a platform for growth and it is interested in possibly acquiring access control capabilities and more analytics capabilities as well.
“We have a signed deal. We're just waiting for regulatory...
Raymond James goes to Washington
July 8, 2015Martha Entwistle
WASHINGTON—Investment banking group Raymond James now has an office here and has added five new bankers to its Security, Defense and Government Services practice.Alper Cetingok, co-head of the Security, Defense and Government Services practice said Raymond James hired John Haggen, who will also serve as co-head of the security practice and as managing director. Haggen comes to Raymond James from BB&T Capital Markets.Cetingok said he's known Haggen for 10 years and lauded his expertise in the...