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Major Acquisition for Stanley
The Stanley Works, New Britain, Conn., announced it has entered into an agreement to purchase 100 percent of the shares of Sonitrol Corporation from an ownership group comprised of Carlyle Venture Partners, Wachovia Capital Partners and Spire Capital Partners, as well as selected members of Sonitrol management for $275 million cash.
Sonitrol, headquartered in Berwyn, Pa., provides security monitoring services, access control and fire detection systems to commercial customers in North America via two monitoring centers and a national multi-channel distribution network. Ranked the eighth largest electronic security company in the United States, Sonitrol brings a strong brand, capabilities in audio-verified monitoring and a substantial national account base to Stanley's Convergent Security Solutions platform. Sonitrol, with revenue totaling approximately $110 million will report into Stanley's Convergent Security Solutions business, which had 2007 revenues approaching $600
million. The boards of directors of Stanley and Sonitrol have approved the transaction, which is subject to regulatory approvals and other customary conditions. The acquisition is expected to close during the third quarter of 2008. For information, visit www.stanleyworks.com or
www.sonitrol.com. |
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Per Mar Security Services Acquires Wisconsin-Based Fast Alert
Per Mar Security Services, Davenport, Iowa, announced its acquisition of Fast Alert Alarm & Security Inc., Eau Claire, Wis. Fast Alert, owned and operated by Jim Flater, has served the electronic security needs of customers in the Eau Claire area for fifteen years. Fast Alert employees joined the Per Mar team, and Jim Flater was appointed Electronic Security general manager for Eau Claire branch operations.
Combining the operation allowed for the continuation and enhancement of security services provided to customers of both Per Mar and Fast Alert including fire and burglar alarms, access control and CCTV systems. Ron Davis and Katie Maahs-Bally of Davis Marketing Group helped facilitate the transaction for this acquisition.
Established in 1953, Per Mar Security Services is a family-owned business with more than 3,500 security professionals operating from offices throughout the Midwest. Per Mar provides custom-designed security solutions. For information, visit www.permarsecurity.com. |
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Download PSA's Roundtable Discussion Now
Recently PSA Security Network facilitated a deep discussion with industry leaders to gain a deeper, fuller understanding of video analytics and how it is changing the security industry. The discussion proved highly educational, revealing just how powerful analytics are and how drastically they will change the security industry, as well as many other industries. Please visit
www.psasecurity.com to register and download the PSA Video Analytics Roundtable in its entirety in PDF format. |
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NEWS
Strategic Partner Samsung Electronics Announces Plans to Rapidly Grow Worldwide Security Business to over US $1 Billion in Three Years
Strategic Partner Samsung Electronics Announces Plans to Rapidly - Grow Worldwide Security Business to over US $1 Billion in Three - Years GVI Security Solutions, Inc., a leading provider of video security solutions featuring the complete Samsung Electronics line of products reported a major announcement by their strategic partner, Samsung Electronics of their plan to rapidly expand sales over the next three years.
Find out the facts.
| China to be Stern on Illegal Transmittion of Olympics |
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Chinese authorities will take strict measures to prevent unauthorized companies and individuals from broadcasting Olympic events, an official from the National Copyright Administration of China (NCAC) said.
Hirsch's Verification Station Earns Top Products Award; Buildings magazine recognizes the innovation of Hirsch's multipurpose biometric
The Verification Station, manufactured by Hirsch Electronics, a leading supplier of access control and security management solutions, has been selected by Buildings magazine as a 2008 Editors' Choice Top Product Pick. The winning product is featured in the June issue of Buildings Magazine. Buildings magazine is the leading publication targeting commercial building owners and operators in North America.
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SDM's 13th Annual Top System Ingetrators
 Total annual revenue of nearly $8 billion, built upon more than 61,000 project starts, marked an extremely robust year for the 100 largest security systems integrators in 2007, as revealed in SDM's 13th Annual Top Systems Integrators Report.
Read about the rankings.
Proving IT's Value Wondering how to prove the return-on-investment of a video management solution to your client? There are all kinds of ways to demonstrate this system's financial value. Examine the proof.
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ATTENTION SDM MAGAZINE SUBSCRIBERS!
Have you renewed your FREE subscription to SDM lately? If you haven't renewed since May, it's time! Click here to bring your subscription up-to-date.
If you'd like to start a subscription to our monthly publication, please click here. |
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| SDM
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