ADT *********** ** **********
***'* ******* ** ************** residential *** ***. *** company's ********** *** ********** integration ******* ** * distinct ********. * *** factor ** **** ****** **** ***** ** Tyco **** *** *** Tyco **. ** **** ** this *****, *** ****** the *********** ******** ***** with * ********* *********** on ********* ** *** commercial / ********** *********** ******.
*** *** ***** * number ** ***** ****** back **** ***********, **** recently ********* ** ***** MSE [**** ** ****** available] *** ******* ***** Gaston ******** [**** ** longer *********].
ASG **********
*** ** * ************ Northwest *** ******** **********. However, *** ******* *** differentiated ****** **** *** marketing ******* ** *** ******* ********** **** is *** * ******* integrator. ** **********, *** has********** *** **** ** Value, *********** ****** ** essentially * ******** ********** that **** ******* ***********. More ** **** *** integrator ** **** ****, ASG *** **** ********** promoting *** ******* ******** by ****, *********** *********'* ***. ***** ****** '***** ************' conference [**** ** ****** available] ** ***** **** in * *** *****, which ***** **** '******' should ** ***********.
Aronson ** '******'
*** *** **** ******* sent *** * ********** '***** **** ********* **** Success **** ***':

**** ** ** ******** 'merger' ***** **** ***'* revenue ** ~**** ******* than ***, ***** ******* is ****** ****** ** $50 ******* **** ***'* $4,000 *******. **** ** more ****** * ******** or ** ************ ****** than * ******* ******. If ** **** ** receive ******** ** **** from ****, ** ***** update.
No ************ **** ***
**** ******** ** **** no ************ *** **** made ** ***. ** a ******** ****** *******, if **** ***** ****** with ***, **** ***** likely ** ******** *********** that ***** **** ** be *********.
Update - ************ ***** *, ****
**** **** * ***** after ******* **** *** the **********, *** *** issued * ****** ************, confirming ** ** ** acquisition, *** ******:*** ******* ********** ************ **** Acquisition ** ******* ******** Group (***)
Good *** ***
*** ***, **** ***** be **** **** ****. Not **** **** *** get **** (** ***** expect $***+ *******), *** says **** **** ****** as * ******* ****** ADT, ******** **** ** continue ***** ****** *********** and *********. **** ***********, if *** ******** **** ********* and *********** ** *** rest ** *** *****, ASG *** ** **** to ******** ***** ******* efforts **** *****-***** *** users.
ADT ******
***** *** *** ****** has ******* *********** ******** for *********** *********'* *** growth *** *********** ***********, commercial *** ********** *********** provides * *************** **** in * ****** ***** DIY ** **** **********, given *** ********** ******** in *** ******* ******** and **********.
** *** ****** **** ADT *** ******** ** acquire ******* ***********, **** may ** **** ** build ***** *** *********** group. *******, ** ***** be ****, ***** ***** lack ** ***** ** this ******* ** *** market *** *** ********** of ********* ******* ***********.
Convergint ****** / *********** *********** ***** ****** ***
**** *** **** ********* to**********'* ******* ****-** ** integrators. ** *** **** side, *** ** *** bigger **** **********. ** the ********, ********** ** far **** ******* *** experienced ** ****** ***** systems ***********.
********, *** *** **********'* acquisitions ******** ** ****** the ****** ** ****** independents **** ******, ***** are ************ * **** breed.
Comments (38)
Brandon Knutson
ASG is the best security provider I've ever worked with. All the best to Phil and his team.
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Marco Sanchez
I will agree that ADT was a pretty bad company and it was always easy to beat them when I worked as an integrator. However, when Tim Whall took over Protection 1 he really turned around the service department and positively impacted the company in various other ways. Service being the biggest. Hopefully that will transition to ADT and now ASG and as John states get them into more of the large commercial verticals.
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Lee Jones
02/12/18 07:25pm
How to add market value to ADT…. spin off the high attrition residential segments.
The high cost of quality “commercial” acquisitions cannot offset the financial and operational facts…. ADT is still a shrinking “residential” security company. Current slick advertising could distract our attention away from the millions of basic, outdated, “deterrent” systems that are ignored even by local police. Without emergency response, deterrent systems are often treated like nuisance auto alarms, and should be consumer priced accordingly.
Source: Lee Jones; Support Services Group; leessg@att.net
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Undisclosed #1
Like someone calling this “Dinner for Two”:
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Undisclosed
Pick the best restaurant in your town.
Now imagine it being bought by Waffle House.
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Michael Gonzalez
02/13/18 03:06am
Well, I'm glad I can still work with ASG as ASG...I wouldn't let ADT anywhere near my stuff, don't even breathe on it...
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Undisclosed End User #3
With such mergers, I hope ADT brings innovations & improvements in their processes and customer offerings.
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Undisclosed #4
There is just a lot of smart mfkers at ASG right now.
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Undisclosed #1
Is there no other confirmation, verbal or otherwise, of the transaction besides the newsletter?
Not that I doubt it, but it’s strange.
Also, even if the acquisition by one company is of one much smaller than itself, I imagine it could make a material difference to an investor.
In that case, ASGs newsletter might be viewed as selective disclosure, no?
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Undisclosed Integrator #5
Call it a merger or aquisition- it usually ends up a murder and accusations.
But really, ADT back in the day had some very sharp acquisitions that were left alone - CCTC back in the '70s were a good example- A Montreal based company focused on Casinos and Rail video systems.
The only way CCTC survived was that they had a very strong director of operations who told ADT to leave them alone.
Otherwise, the culture gets damaged and the people who make the company special end up elsewhere.
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Larry Tracy
10 billion in debt and high discontinuance rate obviously presents a huge challenge.
Tim Is smart guy but with DIY, Comcast and other mass market guys he has a big monkey on his back but I wouldn't bet against him and Jamie.
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Undisclosed Integrator #6
ASG has a lot of talented employees. Kudos to Ron Worman and The Sage Group for an unrelenting marketing campaign that was launched over a decade ago. That marketing vision (tweaked along the way of course) shaped ASG into the company they are perceived as today. This "merger" has probably resulted in a very good pay day for those who were lucky enough to hold a stake in the company.
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John Honovich
Still no official announcement more than 2 weeks later, which is highly atypical. ASG's event is next Monday so it will be interesting what they say there.
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