Tag: acquisition
ADT completes sale of commercial division, ADT Commercial rebrands to Everon
October 2, 2023SSN Staff
BOCA RATON, Fla. – ADT has completed what it began in early August of this year, with the divestiture of its commercial division and ADT Commercial rebranding to Everon as part of its acquisition by private equity firm GTCR.
The commercial security, fire and life safety provider and integrator announced today that it will move forward as a standalone organization and rebranded as Everon. The proceeds of the sale nets ADT approximately $1.5 billion, which significantly reduces...
Bloom Equity Partners acquires RightCrowd
October 2, 2023SSN Staff
GOLD COAST, Australia – Bloom Equity Partners announced its strategic acquisition of RightCrowd, a global leader in Physical Identity and Access Management (PIAM) solutions, late last month.
The acquisition was finalized on September 25, 2023, and marks a pivotal moment in the world of access risk and physical identity and access management according to Bloom Equity Partners.
RightCrowd has served some of the world’s largest corporations, including a myriad of Fortune 50 companies,...
Cisco to acquire Splunk
September 22, 2023SSN Staff
SAN JOSE and SAN FRANCISCO, Calif. — Cisco and cybersecurity software company Splunk have announced a definitive agreement under which Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value.
Cisco reported that upon close of the acquisition, Splunk President and CEO Gary Steele will join Cisco’s executive leadership team reporting to Chair and CEO Chuck Robbins. In a release issued on the acquisition the parties...
Pye-Barker lands in top 20% of Inc. 5000's Fastest-Growing Private Companies
August 23, 2023SSN Staff
ATLANTA – Pye-Barker Fire & Safety has been recognized for its strong acquisition strategy, rocketing to the top 20% of Inc. 5000's Fastest-Growing Private Companies list.
Owing to its achievement of a 621% three-year growth rate, Pye-Barker has appeared on the list four times. The company's growth plan, which is built on an aggressive acquisition strategy and purposeful geographic expansion, has made the company the largest fully integrated provider of fire protection, life...
AIC acquires Accel Protection and Technologies
August 18, 2023SSN Staff
BROUSSARD, La. – Public safety systems integrator American Integration Contractors (AIC) announced that it has acquired the assets of Accel Protection and Technologies (Accel), a community-focused systems integration firm.
In a release from the company, AIC said that combining with Accel brings together two strong Louisiana-based integrators with a long history of implementing complex technology projects. AIC said that together with Accel they’re better positioned to offer customers...
Pye-Barker acquires Excel Fire Sprinkler Co.
August 7, 2023SSN Staff
ATLANTA – Pye-Barker Fire & Safety has begun its habit of acquisitions this month with the pickup of Excel Fire Sprinkler Company, Inc., a full-service fire sprinkler company based in Roebuck, S.C.
The company said it has been following a purposeful acquisition strategy that’s been focused on partnering with, “…complementary fire, life safety and security businesses.” Pye-Barker said that with this addition it is further cementing its place as the...
Pye-Barker uses NASCAR event to unveil new branding
June 27, 2023SSN Staff
ATLANTA—After 77 years of operation, Pye-Barker has made a few changes and the company decided this month to update its look to reflect those changes.
Pye-Barker Fire & Safety revealed its new look during the NASCAR Xfinity Series race at the Nashville Speedway on June 24. Pye-Barker sponsored the No. 20 car driven by John Hunter Nemechek. The company said in a release that its recent rapid growth facilitated a need for a redesign in order to better align with the full-service company that...
N too deep
June 21, 2023Ken Showers, Managing Editor
I’m not surprised we’re back here talking about Vivint again, if anything I think I’m feeling a bit justified with my earlier assessment of the situation, at least where optics are concerned.
I talked about it a bit in a previous blog post. To say I was uncharitable would gild the lily, so I'll just say I was honest about my views of the potential sale. Truthfully, I thought the deal wasn’t going to happen at all considering the various lawsuits and implied liability...
Vivint expands into smart lighting as NRG squares off against activist investor
June 19, 2023SSN Staff
HOUSTON – Smart home company Vivint has branched out into a new residential product category this month as its parent company faces opposition from investors.
Vivint Smart Lighting is a solution the company said is designed to make homes, "Safer, smarter, and more sustainable.” The company said the products allow users to place switches anywhere without requiring electrical work while expanding the smart capability of a home. It marks one of the first major announcements...
Pye-Barker enters Louisiana with acquisition of Acadiana Security Plus
June 16, 2023SSN Staff
ATLANTA – Pye-Barker Fire & Safety’s most recent acquisition sees it enter Louisiana for the first time and marks the company's presence in its 37th state.
The company has acquired Acadiana Security Plus (ASP), a leading security and fire alarm provider in Louisiana. ASP offers security systems access control, video verification, fire and burglar alarms, 24/7 monitoring and rapid emergency dispatch for commercial and government customers. This is just the most recent...