Acquisitions are a hot topic in this week’s Security News Roundup; SimpliSafe signs a definitive agreement to be acquired by GTCR, Pye-Barker acquires Phoenix Fire Protection, and Everon acquires the multifamily business of ADT.
Earlier this week, Reuters reported that the private equity firm GTCR LLC has plans to sell Protection 1, Romeoville, Ill., ranked No. 6 on the SDM 100 Report, for more than a reported $1.5 billion. This news set off speculation by other news outlets, with some saying the firm planned to take the privately held company back into the public sector by way of an Initial Public Offering (IPO), stating the reports to sell it were incorrect. Others stood by Reuters’ report of a pending sale.
