The transaction is expected to be accretive to MSA Safety’s adjusted earnings per share in the first full year of ownership and was financed using cash on hand and borrowings under MSA’s existing credit facility.
The inaugural members of the Advisory Council include Michael Barnes, founder, Barnes & Associates; Kirk MacDowell, president, MacGuard Security Advisors; Scott R. Elkins, executive chairman, Zeus Fire and Security; and Ken Francis, executive vice president, DMP.
Walmart customers will have access to a curated selection of SimpliSafe’s products to build the customized, whole-home protection package that’s right for them.
The acquisition strengthens Minuteman’s presence throughout the Southeast while expanding its ability to deliver integrated security, life safety, structured cabling and enterprise technology solutions to customers nationwide.