Tag: Acquisitions
Industry divided on consolidation, according to SSN News Poll
June 15, 2023Ken Showers, Managing Editor
YARMOUTH, Maine – For this month’s news poll we asked our readers, are market acquisitions where they need to be, or are things consolidating to the detriment of the industry?
Unsurprisingly results were fairly skewed between familiar battle lines as larger corporate entities hold differing views to their small business counterparts. Poll results show that while challenges posed to business remain the same, the lay of the land has changed for many.
Diving right into our first question,...
An Honest Day’s Work for an Honest Day’s Pay
May 17, 2023Ken Showers, Managing Editor
I’d say mark it on the calendar, but you’ll find I’m wrong more often than not when it comes to predicting corporate news and my earlier predictions about Latch were wrong, at least for now.
Most of the time when I hear about Latch, Inc. the news is bad, dire even. First layoffs, then lawsuits, a delisting notification from NASDAQ. Really, I didn’t feel like I was too out of line suggesting a buyout was in Latch’s future. But I can still be surprised, because Latch...
The Riverside Company forms third fire and life safety platform
February 28, 2023SSN Staff
NEW YORK – The Riverside Company private investment group is forming its third fire and life safety platform following a pair of acquisitions.
Riverside recently picked up American Service Company (ASC) and Advanced Fire Protection Systems (AFPS), which offer fire and life safety system services to commercial property owners and building managers in eastern Massachusetts and the greater Baltimore/ D.C. area. The company said the combined business will provide those services...
Following acquisition of 23 companies in 2022, Pye-Barker opens call for sellers
January 24, 2023SSN Staff
ATLANTA – Pye-Barker Fire & Safety has been active in its acquisitions, growing its portfolio by 20 percent in 2022, and now the company has put out the call for more sellers interested in partnering together.
Its most recent acquisition of Bevan Security Systems earlier this month has made Pye-Barker one of the largest industry players in the Northeast region of the U.S., according to the company. With a reputation for uniting respected industry names Pye-Barker...
Is your merger and acquisition process as secure as you think?
December 2, 2019Max Emelianov
A merger or acquisition is extremely sensitive. You're looking at millions of dollars potentially changing hands, to say nothing of all the sensitive data and intellectual property. It should go without saying that security should be your number one priority; yet for some reason, many businesses seem to ignore it entirely.An organization in talks to acquire a startup is one-upped by a competitor that somehow knew the exact value of their offer.Identified as a redundancy, a disgruntled staffer makes...
2G sunset opens doors to resi acquisitions
January 13, 2016Spencer Ives
Now that it is the New Year—2016—it is also the year of the 2G sunset, with the effective end date for 2G signals being Dec. 31 this year. A lot of people have been talking about it, such as how to prepare for it, how to approach mass radio conversions and when dealers need to start. Lately, I've heard that the 2G sunset will play a role in the 2016 acquisition market.
Specifically, I've heard that dealers that have not completed, or perhaps haven't started, their 2G conversions may find...
Universal announces acquisition, new executive position
September 3, 2013SSN Staff
SANTA ANA, Calif.—Universal Protection Service, one of the nation's largest security guard providers which also does some security integration is growing. The company has acquired the security guarding of The Budd Group and announced the creation of a security systems and technology services president position.
Universal has taken over The Budd Group's security division, which has served the Southeast for more than three decades. “We are proud to acquire a company with the quality and...
Tyco post-split talk Part II: Are acquisitions in the air?
November 3, 2011Martha Entwistle
Here's Part II (I posted Part I yesterday) of a blog with some Tyco post-split details, which I found in the process of reviewing the Tyco International Conference Call. The call took place on the day that Tyco announced its plan to split into three publicly traded companies.
On that day, most of the industry, including yours truly, was running around the ASIS show floor. The quotes below are courtesy of Seeking Alpha.
Was the split construed to ready Fire & Security or ADT for acquisition? And,...
CapitalSource has a new way to serve security industry
April 20, 2010L. Samuel Pfeifle
CHEVY CHASE, Md.—CapitalSource's $100 million acquisition of SBA lender MainStreet Lender is a further indication the company has significant interest in making smaller loans to the security industry.
CHEVY CHASE, Md.—CapitalSource's $100 million acquisition of SBA lender MainStreet Lender is a further indication the company has significant interest in making smaller loans to the security industry. In recent years, before CapitalSource was forced to become a bank to ride out the financial...