SDM received word that Safeguard Security, Scottsdale, Ariz., sold its alarm division to SAFE Security, San Ramon, Calif., for an undisclosed amount. Mitchell Silberberg & Knupp LLP represented the seller in the transaction. The deal closed yesterday, August 19, 2014. Lessing Gold and Alan Pepper worked on the transition.
TRI-ED is pleased to announce that its Technology Roadshow is coming to Los Angeles this fall. Dealers and integrators in the area are welcome to attend this free,one-day event to be held November 12th at the Marriott Burbank, located at 2500 North Hollywood Way in Burbank, CA.
Anixter International Inc., Glenview, Ill., announced that it has entered into a definitive agreement to acquire Tri-Ed, Woodbury, N.Y., an independent distributor of security and low-voltage technology products, from Audax Group for a purchase price of $420 million.
ADS Security(ADS), has acquired customer accounts from Stewart Security Systemsin Shelbyville, Tenn. The acquisition adds nearly 600 accounts to their middle Tennessee customer base, one of ADS’ largest markets. This purchase is the fourth acquisition for ADS this year following the acquisition of a South Carolina security companyin April and two Alabama security companiesin March.
Monitronics, located in Dallas, is the first company in the security industry to partner with Mission 500 to support the organization’s Children Fleeing Violence Project. The effort is dedicated to providing protection and basic resources for tens of thousands of children from Central America who are traveling unaccompanied to the United States to escape gang violence and high levels of poverty in their home countries. The majority of the children are stalled at the border in their search for safety as authorities decide how to proceed.
S2 Security announced the expansion of its sales and application engineering support in the Middle East and Africa. The company is investing in this expansion to address the growing demand for S2 products and services in the region, which already has a number of high-profile customers.
COPS Monitoring Vice President of Special Projects Maria Malice will join Morgan Hertel as co-chair of the CSAA Contract Monitoring Council. The co-chair position was previously held by COPS executive vice president Don Maden.
RS2 Technologies LLC, a provider of access control systems, announced it has been recognized as one of the 2014 Indiana Companies to Watch, an awards program presented by the Indiana Office of Small Business and Entrepreneurship (OSBE), its Indiana Small Business Development Center, the Indiana Economic Development Corporation and endorsed by the Edward Lowe Foundation.
Earlier this week, Reuters reported that the private equity firm GTCR LLC has plans to sell Protection 1, Romeoville, Ill., ranked No. 6 on the SDM 100 Report, for more than a reported $1.5 billion. This news set off speculation by other news outlets, with some saying the firm planned to take the privately held company back into the public sector by way of an Initial Public Offering (IPO), stating the reports to sell it were incorrect. Others stood by Reuters’ report of a pending sale.
S2 Security, a provider of IP-based integrated physical security systems, announced the expansion of its channel partner programs. These programs will drive growth and profitability for S2 integrators. They will also enable integrators to simplify the sales process, deliver more value to their customers and differentiate their service offerings.