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Led by a majority investment from Abry Partners, the new platform combines Assurant Fire Protection, Complete Fire Pump Service and Xtreme Fire Protection.
When Rebecca Bayne lost her home at the beginning of the year due to the Marshall Fire in Boulder County, Colo., which burned 1,084 structures and damaged 149, the security industry stepped in, raising almost $24,000 to help Bayne and her partner, Peter, rebuild.
Adcock marks the third add-on acquisition completed by Cross-Fire, a fire and life safety services platform established by AE Industrial Partners in May 2021.
An assisted living community consisting of several buildings, one of which was used as a residential personal facility for the elderly, experienced a tragic fire. The sprinkler system was protected by a fire protection monitoring service, which had merged with the defendant.
The fire alarm industry experienced another good year, full of further adoption of technological and code changes, along with self-created opportunities to increase revenue.
The typically steady fire and life safety industry saw growth in 2019, with overall global revenues surpassing $7.5 billion, according to David Gonzalez, research analyst, physical security and critical communications, Omdia, London.
NFPA just released a new product via an online demo called NFPA LiNK. The product is a digital version of the National Fire Protection Association’s standards, and allows users to access, research and share standards and changes to help them do their jobs better, while cutting out the guesswork for compliance.
Raytheon Technologies Corporation announced on Friday, April 3, that the all-stock merger between the company and United Technologies Corporation (UTC) has been completed. This merger follows the completion of the spin-offs of UTC’s Carrier and Otis businesses. UTC first announced its intention to separate its commercial businesses into independent entities in Nov. 26, 2018.
American Alarm and Communications announced today it has completed the acquisition of Eaglestar Security Inc. of Sutton, Mass. which provided security, access control, video and fire alarm services for 950 homes and businesses, primarily in Central Massachusetts.