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)

Avatar

Brandon Knutson

02/12/18 03:46pm

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

Avatar

Ross Vander Klok

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

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

Avatar

Brandon Knutson

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

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

Avatar

Brian Rhodes

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

Avatar

Brandon Knutson

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

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

Avatar

Ethan Ace

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

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

Avatar

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

Avatar

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 **** **.

Avatar

Michael Gonzalez

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

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

Avatar

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

Avatar

Michael Silva

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

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

Avatar

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

Uniview / UNV Favorability Results 2019 on Feb 12, 2019
Uniview / UNV, the self-proclaimed #3 China manufacturer, while starting late, has been working to make inroads internationally. In IPVM's 2019...
Barnes Buchanan 2019: Despite 'Strange Narrative' Great Time To Be In Security on Feb 11, 2019
A "strange narrative" is being spun, said Michael Barnes at the 2019 Barnes Buchanan Conference. However, despite that narrative, it is a "great...
FLIR Favorability Results 2019 on Feb 08, 2019
FLIR has had a challenging past few years including FLIR Security business struggling, FLIR restructuring their security division and FLIR selling...
Sony Favorability Results 2019 on Feb 05, 2019
Sony Favorability amongst integrators improved moderately compared to their 2017 favorability results, with a modest net positive...
Hanwha Techwin Favorability Results 2019 on Jan 31, 2019
Hanwha Techwin's favorability results surged, in IPVM's 2019 study, going from barely neutral in 2016 to strongly net positive, as the results...
Vivotek Favorability Report 2019 on Jan 29, 2019
Taiwanese video surveillance manufacturers, even relatively large ones like Vivotek, have lost ground in the PRC-China-driven race to the bottom....
Genetec Favorability Report 2019 on Jan 25, 2019
Genetec's favorability moderately strengthed, in new IPVM integrator statistics over their results from 2017, with 2019 results showing solid, but...
Bosch Favorability Results 2019 on Jan 23, 2019
Bosch's favorability moderately strengthed, in new IPVM integrator statistics over their results from 2017, with 2019 results showing strong net...
Milestone Favorability Results 2019 on Jan 21, 2019
Milestone's favorability moderately strengthed, in new IPVM integrator statistics over their results from 2016. While the industry has been...
Avigilon Favorability Results 2019 on Jan 15, 2019
Since IPVM's 2017 Avigilon favorability results, the company was acquired by Motorola and has shifted from being an aggressive startup to a more...

Most Recent Industry Reports

Casino Surveillance Pro Interview: James Lathrop on Feb 15, 2019
James Lathrop has been working in casinos for almost 25 years. During that time, he says he has held "just about every job you can do in the...
Hikvision 2018 Revenue Tops $7 Billion USD But Growth Slows To Low on Feb 15, 2019
Hikvision's annual revenue topped $7 billion for the first time in 2018, although growth slowed sharply. In this post, we analyze the latest...
Hanwha Smaller Multi Imager Tested (PNM-9000VQ) on Feb 14, 2019
Hanwha's first repositionable multi imager PNM-9081VQ tested well, but was huge, over 12" wide and weighing in at over 10 pounds. Now, they have...
ADT And 'The Defenders' Silent About Massive Complaints on Feb 14, 2019
ADT's largest dealer, "The Defenders" has been the subject of a massive number of complaints over many years and many forums, most recently a CBS...
Hikvision Chairman Praises United Front on Feb 14, 2019
Hikvision’s controlling shareholder held a meeting last month praising the United Front, a Communist Party organization known for its secretive...
Sales Turnover At Anyvision on Feb 13, 2019
Anyvision raised a $43 million Series A and according to their newest investor: what you need to do is push the gas pedal and build an...
Cisco Meraki Cloud VMS/Cameras Tested on Feb 13, 2019
Cisco Meraki says their cameras "bring Meraki magic to the enterprise video security world". According to Meraki, their magic is their management...
Uniview / UNV Favorability Results 2019 on Feb 12, 2019
Uniview / UNV, the self-proclaimed #3 China manufacturer, while starting late, has been working to make inroads internationally. In IPVM's 2019...
Nortek Mobile Access Reader BluePass Examined on Feb 12, 2019
Nortek's Linear access control division claims to make mobile credentials "more secure and easier to use than ever before" with their BluePass...
Solink Raises $12 Million - Company Profile on Feb 12, 2019
Most industry professionals have never heard of Solink, a company whose tagline is: It's time to revolutionize the way business uses...

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