Protection 1, Chicago, a full-service provider of business and home security in the U.S., announced the purchase of select assets from Utah-based Pinnacle Security including certain proprietary IT infrastructure and software, along with assuming the current Pinnacle facility located in Orem, Utah.
Tri-Ed / Northern Video Distribution, Woodbury, N.Y., acquired Security General International (SGI), a wholesale distributor of security and low-voltage products in the southwest United States.
Ingersoll Rand’s board of directors unanimously approved a plan to spin off its commercial and residential security products businesses, which will be combined to form a new global company.
Tyco Integrated Security (TycoIS) acquired Atlanta-based Carter Brothers’ Fire and Life Safety business for an undisclosed amount. Following the sale, Carter Brothers will transfer its commercial security business to one of its affiliates.
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Sony Electronics, San Diego, Calif., closed an acquisition agreement with Pixim Inc., Mountain View, Calif., a manufacturer of chipsets for security cameras.
Guardian Alarm Company, Southfield, Mich., acquired Alert Alarm, Royal Oak, Mich., and Allstate Alarm Systems Inc., Detroit. The acquisitions brought more than $70,000 in RMR to Guardian.
Pinnacle Security, Orem, Utah, formed an alliance with Monitronics via a sale of a portion of its existing account portfolio and an agreement for future account sales.