Tag: ASG Security

Apollo Global Management is about to take one giant leap into security with its May 19 agreement to acquire Protection 1 and ASG Security. Under the agreement, the combined companies will operate under the Protection 1 brand, with Protection 1 CEO Tim Whall at the helm. Security Systems News reported on the proposed deal last week. Here's that story. I had a chance to interview Protection 1 CEO Tim Whall, CMO Jamie Haenggi and ASG's CEO Joe Nuccio last night. I was looking for details about how the...

NEW YORK—Apollo Global Management, a $163 billion private equity group, is in talks to acquire Protection 1 and ASG, with the goal of combining the two companies, a source close to the deal told Security Systems News.Nothing has been finalized in the deal, the source said. Final bids for ASG were due May 11. “Two viable parties, one of which is Apollo,” are bidding on ASG, the source said.“Apollo Global Management is one of the top three largest private equity funds today...

VIENNA, Va.—Pamela J. Petrow, president and CEO of Vector Security and newly named president of CSAA International, has set her sights on changing the association's image, improving value for members and increasing member involvement.“In the past, some people have considered CSAA to be an 'old boys' club,'” Petrow told Security Systems News. “It does make me cringe, because there's a lot of value in the programs that CSAA brings, but sometimes, when there's a perception, that...

BELTSVILLE, Md.—Super-regional ASG Security started 2015 with the acquisition, announced today, of Fleenor Protective Systems, a Knoxville, Tenn.-based full-service security company.Mike Fleenor, former owner of Fleenor will join ASG, as will 50 employees. The deal also brings ASG 5,200 customers, $210,000 in RMR and a UL-listed Five Diamond-certified central monitoring station.Fleenor's Knoxville office will become ASG's new Eastern Tennessee branch. ASG declined to discuss terms of the deal.ASG...

YARMOUTH, Maine—Home automation gadgets coming out of the 2015 Consumer Electronics Show are interesting, but discretion might be needed before some go too far, according to Security Systems News readers responding to our latest NewsPoll.CES was a popular event—28 percent of SSN poll respondents attended the show in Las Vegas. Though 69 percent of respondents couldn't make it, they stayed current on news reports. Three percent said that CES is not on their radar.“This is definitely...

Dan Rose, 28Director of finance, ASG Security, Beltsville, Md.What inspired you to get into the security industry?I've grown up around the security industry. My father worked at a security company that was started by my great-grandfather (Michigan Burglar Alarm), but I never really intended to go into security. Partially it was just timing. I was preparing to graduate with a degree in finance and ASG was looking for an entry-level financial analyst to help out with the budget. After six years, I've...

BELTSVILLE, Md.—Super-regional ASG Security added $150,000 in RMR via two acquisitions, one in New England and one in Texas.“Our story continues,” ASG Joe Nuccio told Security Systems News. “We continue to find very good, high quality companies that fit into our regions.”In a deal that brings 5,000 customers and $105,000 in RMR, ASG acquired Advanced Protection Systems of Corpus Christi, Texas. “The owners had the business for 30 years and built it brick by brick,”...

BELTSVILLE, Md.—In a deal that boosts its RMR in South Texas to $1.2 million, super-regional ASG Security has acquired Laredo Alarms of Laredo, Texas.“We dominate in this part of Texas,” Joe Nuccio, ASG CEO, told Security Systems News.“We've known Fidel Gonzalez (former owner of Laredo Alarms) for a long, long time. He's run a high quality company for about 29 years. We're fortunate that he considered selling the company to us and today he's with us and will run the Laredo...

GRAPEVINE, Texas—Sales of a new device that can affordably turn existing home smoke detectors into monitored smart smoke detectors have surpassed 200,000 units in just a few months and more orders are pouring in, according to the manufacturer, Encore Controls, a startup co-founded by Lance Dean.  “It has taken off a lot,” Dean, co-founder of 2GIG and now new home security/home automation player Encore, told Security Systems News about The Firefighter. That new smoke detector takeover...

BELTSVILLE, Md.—ASG Security has acquired a “platform for hyper-growth” with the Jan. 31 acquisition of National Alarm Systems of Fort Lauderdale, Fla., a buy that will propel the super-regional to $10 million in RMR by the end of 2014, Joe Nuccio, ASG CEO, told Security Systems News.National Alarm Systems has 9,000 customers, divided fairly evenly between residential and commercial accounts and it has a successful homeowners association business. The deal brings nearly $300,000...