ADT / ASG 'Merger' Acquisition

Author: John Honovich, Published on Feb 12, 2018

ADT, the $4 billion annual revenue security giant, recently publicly traded again, has merged with security integrator Aronson Security Group, according to a message from Aronson Security Group's (ASG) CEO Phil Aronson.

In this note, we examine the 'merger', the rationale behind this and how it might help ADT, whose IPO challenges have become a public problem.

***, *** $* ******* ****** ******* ******** *****, ******** ******** traded *****, *** ****** **** ******** ********** ******* ******** *****, according ** * ******* *********** ******** *****'*(***) ******* *******.

** **** ****, ** ******* *** '******', *** ********* ****** this *** *** ** ***** **** ***, ***** *** ********** have ****** * ****** *******.

[***************]

ADT *********** ** **********

***'* ******* ** ************** *********** *** ***. *** *******'* ********** and ********** *********** ******* ** * ******** ********. * *** factor ** **** ****** **** ***** ** **** **** *** *** **** **. ** **** ** **** *****, *** ****** *** *********** business ***** **** * ********* *********** ** ********* ** *** commercial / ********** *********** ******.

*** *** ***** * ****** ** ***** ****** **** **** integration, **** ***************** ** ***** ************* ***** ****** ********.

ASG **********

*** ** * ************ ********* *** ******** **********. *******, *** company *** ************** ****** **** *** ********* ******* ** *** ******* ********** **** ** *** * ******* **********. ** **********, *** ************* *** **** ** *****, *********** ****** ** *********** * ******** ********** **** **** systems ***********. **** ** **** *** ********** ** **** ****, ASG *** **** ********** ********* *** ******* ******** ** ****, most******* *********'* ***. ***** ******'***** ************' ************ ***** **** ** * *** *****, ***** ***** **** 'merger' ****** ** ***********.

Aronson ** '******'

*** *** **** ******* **** *** * ********** '***** **** ********* **** ******* **** ***':

**** ** ** ******** '******' ***** **** ***'* ******* ** ~100x ******* **** ***, ***** ******* ** ****** ****** ** $50 ******* **** ***'* $*,*** *******. **** ** **** ****** a ******** ** ** ************ ****** **** * ******* ******. If ** **** ** ******* ******** ** **** **** ****, we ***** ******.

No ************ **** ***

**** ******** ** **** ** ************ *** **** **** ** ADT. ** * ******** ****** *******, ** **** ***** ****** with ***, **** ***** ****** ** ******** *********** **** ***** need ** ** *********.

Update - ************ ***** *, ****

**** **** * ***** ***** ******* **** *** *** **********, ADT *** ****** * ****** ************, ********** ** ** ** acquisition, *** ******:*** ******* ********** ************ **** *********** ** ******* ******** ***** (ASG)

Good *** ***

*** ***, **** ***** ** **** **** ****. *** **** does *** *** **** (** ***** ****** $***+ *******), *** says **** **** ****** ** * ******* ****** ***, ******** them ** ******** ***** ****** *********** *** *********. **** ***********, if *** ******** **** ********* *** *********** ** *** **** of *** *****, *** *** ** **** ** ******** ***** overall ******* **** *****-***** *** *****.

ADT ******

***** *** *** ****** *** ******* *********** ******** *** *********** incumbent's *** ****** *** *********** ***********, ********** *** ********** *********** provides * *************** **** ** * ****** ***** *** ** less **********, ***** *** ********** ******** ** *** ******* ******** and **********.

** *** ****** **** *** *** ******** ** ******* ******* integrators, **** *** ** **** ** ***** ***** *** *********** group. *******, ** ***** ** ****, ***** ***** **** ** focus ** **** ******* ** *** ****** *** *** ********** of ********* ******* ***********.

Convergint ****** / *********** *********** ***** ****** ***

**** *** **** ********* ************'* ******* ****-** ** ***********. ** *** **** ****, *** ** *** ****** **** Convergint. ** *** ********, ********** ** *** **** ******* *** experienced ** ****** ***** ******* ***********.

********, *** *** **********'* ************ ******** ** ****** *** ****** of ****** ************ **** ******, ***** *** ************ * **** breed.

Comments (38)

Thumbnail mecontrolxxlusertile

Brandon Knutson

02/12/18 03:46pm

*** ** *** **** ******** ******** *'** **** ****** ****. All *** **** ** **** *** *** ****.

Thumbnail mg 3870

Ross Vander Klok

IPVMU Certified | In reply to Brandon Knutson | 02/12/18 04:08pm

*** ***** ** **** ***** ****** "********* **** ******** ********..." *** **** ** *** **** ** it. ** ***** ** ** **** ** **** **** * year ****** *** ***** **** ** *** ***** **** ***. I ** **** ** ** **** **** *** ******* ****** though, *** ********'* ****.

Thumbnail mecontrolxxlusertile

Brandon Knutson

In reply to Ross Vander Klok | 02/12/18 04:13pm

****, * ********* ******** ** ******** ** **** ******, *** *** *** *****. I ***'* **** ** *** *** ** *********** ******** ****** that **** ** ** ****.

Thumbnail pp 5

Brian Rhodes

IPVMU Certified | In reply to Brandon Knutson | 02/12/18 04:18pm

Thumbnail mecontrolxxlusertile

Brandon Knutson

In reply to Brian Rhodes | 02/12/18 04:24pm

***. ** ****** **** ** ** *** ****** ** ******* Ford *******.

Thumbnail profile pic

Ethan Ace

IPVM | In reply to Brandon Knutson | 02/12/18 04:47pm

************: **** ****** ** **** *******.

Thumbnail images

Marco Sanchez

02/12/18 04:22pm

* **** ***** **** *** *** * ****** *** ******* and ** *** ****** **** ** **** **** **** * worked ** ** **********. *******, **** *** ***** **** **** Protection * ** ****** ****** ****** *** ******* ********** *** positively ******** *** ******* ** ******* ***** ****. ******* ***** the *******. ********* **** **** ********** ** *** *** *** ASG *** ** **** ****** *** **** **** **** ** the ***** ********** *********.

Lee Jones

Support Services Group | 02/12/18 07:25pm

*** ** *** ****** ***** ** ***…. **** *** *** high ********* *********** ********.

*** **** **** ** ******* “**********” ************ ****** ****** *** financial *** *********** *****…. *** ** ***** * ********* “***********” security *******. ******* ***** *********** ***** ******** *** ********* **** from *** ******** ** *****, ********, “*********” ******* **** *** ignored **** ** ***** ******. ******* ********* ********, ********* ******* are ***** ******* **** ******** **** ******, *** ****** ** consumer ****** ***********.

******: *** *****; ******* ******** *****; ******@***.***

Undisclosed #1

02/12/18 10:11pm

**** ** **** ****** * ******** ** ** ************ ****** than * ******* ******.

**** ******* ******* **** “****** *** ***”:

John Honovich

IPVM | In reply to Undisclosed #1 | 02/12/18 10:19pm

* ******* *****, ***** * **** *****:

**** ******** ** **** ** ************ *** **** **** ** ADT. ** * ******** ****** *******, ** **** ***** ****** with ***, **** ***** ****** ** ******** *********** **** ***** need ** ** *********.

Undisclosed #1

In reply to John Honovich | 02/13/18 05:21am

***** **’* *** ***** ** * *** *****, *** *********** acquisition ***********.

** ******** ***** **** **** *********/****** **** ********, ******************* **** **** ******* *******.

John Honovich

IPVM | In reply to Undisclosed #1 | 02/13/18 11:34am

* **** *** *** ****** *** * ** ***** **'* kind ** *****. ******** *** ******** ******** ****'** ****** **** or *********...

** *** ***********, ** *** ***** ****, *************** *** '************' has *** *** ********* ** **** ****** *** ********** ****** that ***, ******* **** ***** ******.

Undisclosed #2

02/12/18 11:33pm

**** *** **** ********** ** **** ****.

*** ******* ** ***** ****** ** ****** *****.

John Honovich

IPVM | In reply to Undisclosed #2 | 02/13/18 12:25am

** ** ** **** ** *** *** ***'* **** ** ADT's ********* **********?

Thumbnail profile

Michael Gonzalez

02/13/18 03:06am

****, *'* **** * *** ***** **** **** *** ** ASG...I ******'* *** *** ******** **** ** *****, ***'* **** breathe ** **...

Undisclosed #1

In reply to Michael Gonzalez | 02/13/18 04:50pm

****, *'* **** * *** ***** **** **** *** ** ASG...

*** ***** **** ** **** *** **** *** **** **** retention ********* *** *** ***** **. * ****** *** ******* payout *** ******** ***** * ***.

Undisclosed End User #3

02/13/18 07:44am

**** **** *******, * **** *** ****** *********** & ************ in ***** ********* *** ******** *********.

Undisclosed #4

02/13/18 07:45pm

***** ** **** * *** ** ***** ****** ** *** right ***.

John Honovich

IPVM | In reply to Undisclosed #4 | 02/13/18 07:47pm

#*, *** *** *******?

Undisclosed #4

In reply to John Honovich | 02/13/18 08:37pm

**** * *** **** ** *** **** ****, *****?

**, *** *** ****** ******* ** *** ******* ********* *** speaking **** **** ** ******* **** **** ***** *** ** have ** *** ****, **** *** *** ****** ***** ********** comments ***** *** *******. * ****** ******* * ***** *** up ***** *** *** *** ***** **** **** ** *******. The ****** ** ** *** **** ********* ***** **** *** fact **** * ****** ***** ********* **** *** ******* ** other ********* * **** *** ****** *** *** **** ** amusing *** *** **** **** ***** *** *** ******, ** thanks ******** *** **** **********. ****** ***** ******* ********* ** RFPs ***., * ****** **** ** ***** ***, ************ ******** or *********, * **** ****** **** ****** ** ***** ***** I ***. * **** *********** * *** ** **** ****** work, ******* *****, ******** ************** *********** **** *** ** ******* people ** *** ******** ******. ********* * *** ********* *** CAD **** **** **** *********** *********** ** *** ****; **** when **** ** **** ******* ***** **** ***** ************* *** companies. ** ** **** ** **** *** ******** **** ***, logic *** ******** **********. ***** ** *** ** ***** *** relationship, *****. *******, * **** **** ** *** **** *** have *** ***** ** ***** *** *** ******* ***** ***** be ******* *** *** ***** **** ****, ***** ** ***** department ** ***** ** **** *** *** *****. ** **** opinion ***** ** **** *** ****? ******** ***! ********** ** accrued **** ********* *** *** **** ****** *********** (*** ** go *****, *** ***** ** *** ****-***). * **** *** best ** ** ********* ******* *** ***. ***'* **** *****, Ain't **** ********.

John Honovich

IPVM | In reply to Undisclosed #4 | 02/13/18 08:41pm

****** *** **** ******! ;)

Undisclosed #1

In reply to John Honovich | 02/13/18 10:20pm

****** ***’* ********* *** :)

Undisclosed #2

In reply to Undisclosed #4 | 02/13/18 10:07pm

****'* * **** *** ** *** **. *** ******* ** ADT -- **** ****'* *** *** **** ***********'* *** -- has *** ***** ** ***** *** (******) *** *******. ** may **** ** **** ** ** **. ****** ** **** if **** **.

Thumbnail profile

Michael Gonzalez

In reply to Undisclosed #4 | 02/13/18 08:04pm

* **** ** *****, ***** *** ** *** *********** *'** had **** **** **** **** **** *******, **** ********** **** their ********. *'* ******* ******* ** ****** **** ***** *** of **.

Thumbnail mecontrolxxlusertile

Brandon Knutson

In reply to Undisclosed #4 | 02/13/18 08:08pm

***** *** **** ******* **** ******'* *** ** *********. * think ***** ****** ***** *** ***** ********** *** *********** ******.

Undisclosed #1

02/14/18 11:10am

** ***** ** ***** ************, ****** ** *********, ** *** transaction ******* *** **********?

*** **** * ***** **, *** **’* *******.

****, **** ** *** *********** ** *** ******* ** ** one **** ******* **** ******, * ******* ** ***** **** a ******** ********** ** ** ********.

** **** ****, **** ********** ***** ** ****** *********** **********, **?

John Honovich

IPVM | In reply to Undisclosed #1 | 02/15/18 02:39am

** ***** ** ***** ************, ****** ** *********, ** *** transaction ******* *** **********?

* ***** **** *** **** ******** ********.

*** ** ***** ** ******, ****** **** **** ******* ***** it ** ***** * **** ****** ** ******** ** **. At *****, * ********* **, ******** **** ****** **** ********** it **** ******* ****** **** ******** ***** ***.

** **** ********** **** *****, ** ** **** ** ******** combination.

** **** ****, **** ********** ***** ** ****** *********** **********, **?

* ***** ***** * *** **** ******** ***** ** ******** the ********** ** * ****** ************ ** ********* **********...

** *** ***********, * ** *** **** **** *** ******** / ****** ** *** ****** ** ******** *********** (*.*., **** counts ** ***** ******** ****** ** **** ** ******). *******, one ***** ** ****** ** *********.*** *** ******** ********* ******* ****** *** '****' ******* $** ******* *******, ************* **** than *******. ** ***** ***** ** **** **********, ** ***** indicate *** ****** ******** ********.

Undisclosed Integrator #5

02/14/18 01:56pm

**** ** * ****** ** **********- ** ******* **** ** a ****** *** ***********.

*** ******, *** **** ** *** *** *** **** **** sharp ************ **** **** **** ***** - **** **** ** the '*** **** * **** *******- * ******** ***** ******* focused ** ******* *** **** ***** *******.

*** **** *** **** ******** *** **** **** *** * very ****** ******** ** ********** *** **** *** ** ***** them *****.

*********, *** ******* **** ******* *** *** ****** *** **** the ******* ******* *** ** *********.

Larry Tracy

02/16/18 05:09am

** ******* ** **** *** **** ************** **** ********* ******** a **** *********.

*** ** ***** *** *** **** ***, ******* *** ***** mass ****** **** ** *** * *** ****** ** *** back *** * ******'* *** ******* *** *** *****.

Undisclosed Integrator #6

02/20/18 02:47am

*** *** * *** ** ******** *********. ***** ** *** Worman *** *** **** ***** *** ** *********** ********* ******** that *** ******** **** * ****** ***. **** ********* ****** (tweaked ***** *** *** ** ******) ****** *** **** *** company **** *** ********* ** *****. **** "******" *** ******** resulted ** * **** **** *** *** *** ***** *** were ***** ****** ** **** * ***** ** *** *******.

John Honovich

IPVM | 03/01/18 01:50pm

***** ** ******** ************ **** **** * ***** *****, ***** is ****** ********. ***'* ***** ** **** ****** ** ** will ** *********** **** **** *** *****.

Undisclosed Integrator #6

In reply to John Honovich | 03/02/18 02:11am

**** ** *******. **** **** ** * ********* **** ** generate **** **** *** ********* ************* ** ***** *****??

Thumbnail silva18c

Michael Silva

Silva Consultants | In reply to John Honovich | 03/02/18 10:52pm

********* ************ ** **** *********?

Thumbnail mecontrolxxlusertile

Brandon Knutson

In reply to Michael Silva | 03/02/18 11:01pm

***** **** **** **** ***** *** *** ***** ************ *********.

Undisclosed #4

In reply to Michael Silva | 03/02/18 11:02pm

***.

Undisclosed #2

In reply to Michael Silva | 03/02/18 11:56pm

*****. *** **** **********? * ******* **** *** *** ** that ******** **** ****/** *** *******. * ******* *** **** did ***** ******** (****** ***** ****** **** *** *-**** ****** advertised ** ***** *** **** ***** ** * ***.)

** ***** ** *** ********** ********? * ****, ***-***/****.

John Honovich

IPVM | In reply to Michael Silva | 03/03/18 12:03am

*******, ******!

**** ***'* *******:*** ******* ********** ************ **** *********** ** ******* ******** ***** (ASG)

**************, *** ***** ** ** ***********, *** * ******.

Undisclosed Integrator #6

In reply to Michael Silva | 03/03/18 02:46am

***, ****** *** **** **** ******* *** *** *** *** press **** *****'* ****. * ** ***** ** *** ** accurate **************** ** *** ****** ** ** ***********. ** ********* makes **** ***** ***** *** **** ** **** *******.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

Geutebruck Company Profile on Oct 22, 2018
Geutebrück has been in business for nearly 50 years, but they are not well known within the US surveillance market. In this report, we profile...
Integrator Laptop Guide on Oct 16, 2018
This 18-page guide provides guidance and statistics about integrator laptop use. 150 integrators explained to IPVM in detail about their laptops,...
Security System Health Monitoring Usage Statistics 2018 on Oct 09, 2018
How well and quickly do integrators know if devices are offline or broken? New IPVM statistics show that typically no health monitoring is...
Network Cable Testing Guide on Oct 02, 2018
Proper cable installation is key to trouble-free surveillance systems. However, testing is often an afterthought, with problems only discovered...
Favorite Request-to-Exit (RTE) Manufacturers 2018 on Sep 19, 2018
Request To Exit devices like motion sensors and lock releasing push-buttons are a part of almost every access install, but who makes the equipment...
Favorite Intercom Manufacturers 2018 on Sep 14, 2018
Intercoms are certainly increasing in popularity, driven by the integration of video and IP networking. But who is the favorite? On the one side,...
Stanley Security Acquires 3xLogic, Kushner Becomes Product President on Sep 10, 2018
Stanley Security acquired 3xLogic a few months ago. However, the company has still not officially publicly announced it, leading many to wonder...
Dell Launches IoT for Surveillance on Sep 05, 2018
Historically, Dell has been a PC and server provider (e.g., "Dude, you're getting a Dell") and widely used for surveillance storage. However, in...
Sell Dahua or Hikvision At All, Banned From Selling to US Federal Government, Says US HASC on Aug 29, 2018
The US House Armed Services Committee (HASC) Communications Director has confirmed to IPVM that if a company sells Dahua or Hikvision at all, they...
France Political Scandal Reveals Video Surveillance Problems on Aug 22, 2018
In what French media describes as "the most damaging crisis yet for" French President Marcon, a political scandal has revealed major gaps in the...

Most Recent Industry Reports

IP Camera Installation Tool Shootout - Avigilon, Axis, Ideal, Hanwha, Triplett, Veracity on Oct 23, 2018
Setting up IP cameras has historically been challenging, with techs often precariously using a laptop on a ladder or lift. Some options for install...
ADT and Brinks Home Security Struggles Impact On Industry Examined on Oct 23, 2018
ADT and Brinks Home Security have both been struggling over the last year. ADT valuation is 50%+ less than their IPO target. Brinks Home Security,...
Hikvision Growth Declines Q3 2018 on Oct 22, 2018
Hikvision's growth continues to decline in 2018 going from: Q1 - 33% Q2 - 22% Q3 - 14.6% In this note, we examine Hikvision's newest Q3...
Geutebruck Company Profile on Oct 22, 2018
Geutebrück has been in business for nearly 50 years, but they are not well known within the US surveillance market. In this report, we profile...
Chinese Government Blocks IPVM on Oct 22, 2018
IPVM has been blocked by the Chinese government without any notice or explanation. This means IPVM.com is no longer officially accessible anywhere...
Startup SafePass Profile on Oct 19, 2018
A major problem with visitor management is that the systems mostly require adhesive printed paper labels and paper logs, creating waste and an...
China Is Not A Security Megatrend, Says SIA on Oct 19, 2018
The US Security Industry Association has released its 10 "Security Megatrends" for 2019. SIA declares that these megatrends, such as "Advanced...
Hanwha Dual Imager Dome Camera Tested (PNM-7000VD) on Oct 18, 2018
Hanwha has introduced their first dual-imager model, the PNM-7000VD, a twin 1080p model featuring independently positionable sensors and a snap-in...
Camera Height / Blind Spot Added to IPVM Camera Calculator on Oct 18, 2018
IPVM has added camera height and blind spot estimation to the Camera Calculator. This is especially helpful for those who need to mount cameras up...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact