Post merger, Johnson Controls emerges even stronger

6 days 14 hours ago
Company has greater depth of expertise, resources on both product and integration side of business Paul Ragusa Tuesday, August 15, 2017

CORK, Ireland—Since the Tyco-Johnson Controls merger was completed in September 2016, the two security giants have joined forces to become an industry powerhouse, leveraging the combined brands to provide innovation on both the product and integration side of the business.

Vector Security acquires Security Associates LLC

1 week 4 days ago
Purchase expands Vector’s presence in the Baltimore, Washington D.C. areas Spencer Ives Thursday, August 10, 2017

PITTSBURGH—Vector Security Inc., a home and business automation solutions provider based here, gained nearly 10,000 accounts when it acquired Security Associates LLC, a local security provider.

Security Associates was “regionally based in the Baltimore area, and they were more of a local ‘hometown-type’ company, that was their approach to the market place,” Art Miller, Vector’s vice president of marketing, told Security Systems News.

SalesMarines to help PSA members hire US veterans

1 week 5 days ago
SSN Staff Wednesday, August 9, 2017

WESTMINSTER, Colo.—PSA recently announced a partnership with Matterhorn Consulting to enable PSA members to hire military veterans.

The Veteran Hiring Program, SalesMarines, is a new service from Matterhorn Consulting that helps veterans from the United States military find employment, matching up employers’ needs with veterans’ skill sets. The team is led by Paul Boucherle, a Marine Corps veteran who served during the Vietnam War. His first-hand experience with the military has motivated him to help veterans transition their military skills into the civilian workplace.

Midstate Security celebrates 10 years under new ownership

1 week 5 days ago
Company doubles in that time, sees 25 percent growth rate the past few years Paul Ragusa Wednesday, August 9, 2017

WYOMING, Mich.—Midstate Security has seen significant growth over the past 10 years, since Dave Nemmers and his partner purchased the business from Johnson Electric.

The company, founded in Grand Rapids, Mich. in 1981, was in Grandville when purchased by Nemmers, who moved the company five years ago to a new building here. Since taking over the company, Nemmers said that Midstate has doubled in size in terms of topline revenue and has grown to 78 employees from 46, with many of the original employees still at the company.

Interface Security Systems closes on $600m refinancing for new capital structure

2 weeks 22 hours ago
Funding to accelerate growth, double data center capacity within one year Paul Ragusa Monday, August 7, 2017

ST. LOUIS and PLANO, Texas—Interface Security Systems on Aug. 3 announced the completion of a $600 million refinancing for a new capital structure that will facilitate strategic growth and expansion, with substantial contributions of new growth equity capital of $125 million from SunTx Capital Partners and Prudential Capital Partners.

ADS purchases ERMC Security Solutions

2 weeks 22 hours ago
Deal enhances the company’s Chattanooga branch Spencer Ives Monday, August 7, 2017

NASHVILLE, Tenn.—In a deal finalized on Aug. 3, ADS Security purchased ERMC Security Solutions’ account base, bringing more than 600 accounts under ADS’ Chattanooga branch.

“This is very much in-line with many of the fold-in acquisitions that we do. It helps us to build our presence in important markets,” ADS Security’s president and CEO John Cerasuolo told Security Systems News. “We’re already a very significant player in Chattanooga. This gives us the opportunity to extend that reach through these additional customers and then leverage those additional customers for referrals and growth opportunities beyond.”

Jeremy Brecher appointed CTO of Securitas North America

2 weeks 6 days ago
In his new role, Brecher will lead the development of next-generation cloud services Paul Ragusa Wednesday, August 2, 2017

PARSIPPANY, N.J.—Securitas, a global knowledge leader in security based here, announced on Aug. 1 that Jeremy Brecher has been promoted to chief technology officer and has become a member of the Securitas North America Division Management Team.

As CTO, Brecher's new role will focus on customer-facing technologies across all business lines in the United States, Canada, and Mexico, including cloud-based customer portals, data analytics and artificial intelligence (AI) technologies. He will be championing the development of the next generation cloud, security-as-a-service (SaaS) and managed customer services for Securitas.

NorthStar opens affiliate program

2 weeks 6 days ago
Company seeks dealers for the first time in its 17 year history Spencer Ives Wednesday, August 2, 2017

OREM, Utah—Home security and automation company NorthStar recently announced its new Authorized Affiliate Funding Program.

“It's a traditional dealer funding program where we work with independent, licensed companies that originate contracts and do the installation for NorthStar,” Nick Perry, vice president of business development at NorthStar, told Security Systems News. “We are very aggressive on up-front multiples, we also have a very aggressive residual, and an equity program.”

LifeShield acquired by Hawk Capital Partners

2 weeks 6 days ago
The DIY company tripled its subscribers under former ownership of DIRECTV Spencer Ives Wednesday, August 2, 2017

LANGHORNE, Pa.—LifeShield, a DIY installed and professionally monitored security solution, was acquired by Hawk Capital Partners, the firm announced on July 27.

Hawk Capital appointed David Tanzer as the company’s CEO. “My previous experience involved working in several other sectors where direct-to-consumer customer acquisition was critical to the success of the company,” he told Security Systems News. Tanzer served as either the president or CEO for The Noodle Companies, GT Brands and Primedia Consumer Magazines.

LifeSheild’s sale to Hawk Capital Partners was finalized in May, according to Tanzer.

Umbo Computer Vision partners with PSA Security Network

3 weeks 5 days ago
Company to offer its AI platform to PSA’s systems integrators at a reduced cost Paul Ragusa Wednesday, July 26, 2017

SAN FRANCISCO—Umbo Computer Vision, an artificial intelligence company building autonomous video security systems for businesses and organizations based here, on July 20 announced a new partnership with PSA Security Network, a security and systems integrator cooperative.

Huron Capital’s Sciens Building Solutions acquires again

3 weeks 5 days ago
Sabah International now third company added to ExecFactor Platform SSN Staff Wednesday, July 26, 2017

DETROIT—Huron Capital, an operationally focused private equity firm based here, on July 20 announced its fire detection and security services ExecFactor platform, Sciens Building Solutions, has acquired Pleasanton, Calif.-based Sabah International Inc. 

“We think Sabah is a great addition to the Sciens platform,” Terry Heath, Sciens CEO, said in the announcement. “Sabah gives us a meaningful presence on the West Coast, with an impressive customer list and a strong reputation in the market.”

Oaktree Capital Management buys My Alarm Center

3 weeks 6 days ago
Company to improve organic and acquisitive growth channels Spencer Ives Wednesday, July 26, 2017

NEWTOWN SQUARE, Pa.—My Alarm Center, a national home security and automation provider based here, was recently sold to global investment firm Oaktree Capital Management, headquartered in Los Angeles. The deal closed on July 14.

“We kicked off an effort to recapitalize the business about a year ago, looking to strengthen our financial position, our balance sheet, and give us a better opportunity to grow our business,” Amy Kothari, My Alarm Center’s president and CEO, told Security Systems News. The company ultimately decided to seek an “infusion of new cash equity and a complete refinancing of our debt.”

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