ADT will also receive another $150 million for product development from existing investor Google, the Alphabet-owned search engine giant that took a 6% stake in ADT in 2020.
The purpose of a director on the ESA Board is to work collectively as a team to provide good governance of ESA affairs and to set the direction to optimize the growth and performance of the organization.
"It is clear [Tim] appreciates the opportunities and challenges we face, the need to put customers first, and the importance of company culture and what that means for talent,” says Security 101 CEO Steve Crespo.
The acquisition is CertaSite's eighth in Ohio. This latest transaction follows the recent purchases of Cleveland’s Fire Loss Control and Columbus-based Hamrick Fire Systems.
The acquisition is said to reinforce the company’s technical expertise, delivering system planning, design, implementation, installation, support and maintenance for a range of complex security requirements.
Jeff Likosar has been named president, corporate development and chief transformation officer, after serving as ADT’s CFO. Ken Porpora, previously executive vice president, will succeed Likosar as CFO.
SUPCO is a leader in the HVACR and appliance parts industries that designs, manufactures and distributes high-performing parts, components, test instruments and tools.