PSA announced a partnership with Matterhorn Consulting to enable PSA members to hire their next generation talent from military veterans who have served our country. As part of PSA’s Business Solutions program, Matterhorn Consulting has provided PSA with experienced consulting, thought leadership and training content for the last 14 years.
ADT, provider of security and automation solutions for homes and businesses in North America, has completed the purchase of substantially all the assets and business of Protec Inc., a commercial security systems integrators in the Pacific Northwest. The transaction closed on July 31, 2017.
ADS Security, a regional electronic security and automation company headquartered in Nashville, Tenn., and ranked No. 20 on the SDM 100, has acquired the accounts of ERMC Security Solutions in Chattanooga, Tenn. This purchase makes the Chattanooga branch the third largest out of ADS Security’s 22 branches.
NorthStar Home, a security and automation provider ranked No. 24 on the SDM 100, launched its Authorized Affiliate Funding Program. Through this new channel, NorthStar will fund qualified security and automation systems originated and installed by independent companies.
According to a report by the market research company Reportbuyer, the North America video surveillance market is expected to grow at a CAGR of 17.1 percent for the forecast years of 2017-2025 and is estimated to be worth $35 billion by 2025.
According to a report by the market research company IHS Markit, while 41 percent of the 68 million wireless intruder alarm sensors sold across the globe in 2016 were wireless, only 4 percent of those wireless sensors were used in the large commercial sector.
ADT, a provider of security and automation solutions for homes and businesses and ranked No. 1 on the SDM 100, announced settlements with Alder, its owner, Adam Schanz, and two Monitronics dealers — Alliance Security and Capital Connect — as part of lawsuits against those three companies and Schanz alleging the use of deceptive sales practices to mislead ADT customers.
COPS Monitoring, a Lydia Security Monitoring brand and provider of professional alarm services, announced its Grow Your Business roadshow. The no-cost seminars are designed to help alarm-installing companies learn how to manage attrition, optimize their teams to meet sales goals, and provide additional exclusive benefits that can help alarm-installing companies grow their business, the company described.
According to Reuters, Apollo Global Management is preparing to take ADT public at a more than $15 billion valuation, stating the listing could be the largest private equity-backed initial public offering since Hilton Worldwide Holdings went public with a $19.7 billion valuation in 2013.
With approximately 20 percent penetration into homes, professionally monitored security systems that are now interactive and connected have a lot of room to grow — but many others also seek this opportunity. Read more stories in August Issue 2017.