Businesses in the security and smart home industries are joining to become stronger. The goals of these mergers and acquisitions are to provide increased revenues and better growth opportunities — local, national and international. Change in business has always been happening. In the 21st century, and specifically in our industry, it is happening with unprecedented velocity. How might these changes impact your business and is it time to join in?
Transformation is happening in the security industry and service offerings. For example, Johnson Controls, a global multi-industrial company, and Tyco, a global fire and security provider, merged in 2016. Convergint Technologies made over 20 acquisitions around the world since 2016, and then Convergint itself was acquired last year by a private equity group, Ares Management. ADT’s aggressive expansion through acquisition was started by its merger with Protection 1 in 2016, followed by its purchase of Red Hawk in 2018, and continues with other strategic investments and mergers in both physical and cyber security over the past two years.