Security Systems News

SEP 2017

Security Systems News is a monthly business newspaper that reaches 25,100 security installers, product distributors, central stations, engineers & architects, and security consultants. Our editorial coverage focuses on breaking news in all major se

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security market remains highly fragmented, presenting a compel- ling growth opportunity for ADT. In addition to a strong account base, the addition of Protec's excep- tional management team brings tremendous value to ADT." ADT plans to retain the Protec brand and the company's opera- tions in Portland, Ore. Protec founder and president Andy Schwartz will continue to lead the day-to-day operations of the busi- ness, ADT said. "We are thrilled here at Protec to be part of the ADT family," Schwartz said in the announce- ment. "What really sets Protec apart is our experience and indi- vidual commitment to our custom- ers. By joining forces with ADT, Protec's highly-trained and tenured staff will be able to offer expert advice, custom-designed security solutions, and quality installation to an even larger footprint—all backed by the power and prestige of ADT." SSN volume 20, number 9 S e PT ember 2017 n $7.00 Commer C ial & Sy S tem S iN tegrator S n Jeremy Brecher appointed CTO of Securitas North America P age 15 n Midstate Security celebrates 10 years under new owner P age 17 n SecurExperts partners with PSA Security Network P age 19 m o N itori N g n COPS announces new series of workshops P age 22 n Gallaher expands services and monitoring division P age 22 r e S ide N tial Sy S tem S n Vector Security acquires Security Associates LLC P age 24 n ADS Security purchases ERMC Security Solutions P age 24 Supplier S n Xfinity Home passes 1 million customer mark P age 27 n Qolsys' second generation panel ships in North America P age 27 JC i see page 28 i N terfa C e see page 14 stats US alarm market to reach $4.9b by 2021 See page 2 products Special ASIS show products section See page 29 Interface inks $600m deal ADT purchases accounts of commercial integrator By SSN Staff B O C A R AT O N , F l a . — A D T announced it purchased substan- tially all the assets and business of Protec Inc., a commercial secu- rity system integrator based in the Pacific Northwest. The acquisition, closed on July 31, reinforces ADT's commitment to continued growth within the commercial and national accounts security sectors, the announce- ment said. Dan Bresingham, ADT's chief of staff, said in a prepared statement, "This acquisition strengthens ADT's commercial and national accounts business, which contin- ues to grow both organically and through strategic acquisitions. Pro- tec not only bolsters our presence in the Northwest, but also allows us to add additional support and service to new and existing com- mercial and national account cus- tomers throughout the country." Bresingham added, "The com- mercial and national accounts By Paul Ragusa ST. LOUIS and PLANO, Texas— Interface Security Systems on Aug. 3 announced the completion of a $600 million refinancing for a new capital structure that will facilitate strategic growth and expansion, with substan- tial contributions of new growth equity capital of $125 million from SunTx Capital Partners and Pru- dential Capital Partners. Pursuant to the $600 million refinancing, the company's existing debt—including the $50 million Capital One revolving credit facil- ity, the $230 million senior secured notes due 2018 and the $115 million senior contingent cash Company completes refinancing for new capital structure By Paul Ragusa CORK, Ireland—Since the Tyco-Johnson Controls merger was completed in September 2016, the two security giants have joined forces to become an industry powerhouse, leveraging the combined brands to provide innovation on both the product and integration side of the business. S e c u - rity Systems News caught u p w i t h Hank Monaco, VP, marketing, Building Solutions-North Amer- ica, Johnson Controls, who has 17 years of experience with the legacy Tyco businesses. Monaco said that a major post-merger undertaking, and one that proved very beneficial, was the process of integrating two very large com- panies with such strong brand recognition. "Both companies have signifi- cant histories and have a custom- er-orientated focus that revolves around themes like innovation and values like integrity and teamwork," Monaco told SSN. "One of the internal steps that we have taken as an organization is to go through sessions that we call culture mapping, which got teams of people together from different walks of life, different functional areas, different parts of the business and different parts of the world and brought them After the Tyco merger, JCI has greater depth of resources, talent pay notes due 2018—have been redeemed in full and the $67 mil- lion PIK senior notes due 2019 have been exchanged for new PIK senior notes due 2023. The new debt capital structure includes a $290 mil- lion senior credit facil- ity consisting of a $230 million term loan A and an undrawn $60 million revolving credit facil- ity led by Capital One. Additionally, Prudential Capital Partners will be providing $100 million of senior subordinated notes. "With a new capital structure Interface is now ideally positioned to continue capitalizing on oppor- tunities for accelerated growth and By Spencer Ives NEWTOWN SQUARE, Pa.— My Alarm Center, a national home security and automa- tion provider based here, was recently sold to global invest- ment firm Oaktree Capital Management, headquartered in Los Angeles. The deal closed on July 14. expansion," Ned N. Fleming, III, founder and managing partner of SunTx Capital Partners, said in the announcement. "We are excited to invest additional growth-equity capital into the company and, in particular, to partner with Pru- dential Capital Partners. We look forward to further enhancing our productive partnership with Inter- face, as the company continues to achieve record growth." "Interface has been a long-stand- ing customer and we are excited to be a part of this significant capital raise, which will help support con- tinued growth for the business," John Robuck, managing director of Capital One's Security Finance team, said in the announcement. oaktree see page 25 Johnson controls growing stronger ST a TS .......................................2 S P ecifically SP eaking........6 How i u S e my S y ST em..........7 gue ST commen T ary ...........10 edi T orial .............................11 five que ST ion S ...................39 da T abank .............................39 My Alarm Center is acquired This is Oaktree Capital Management's first investment in security Hank Monaco Jeff Frye

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