Purchase ********* *** ********
******* *** ****** * purchase ********* **** ********* [link ** ****** *********].***** ******* ***** ******** ***** ** $10 ******* ****:
** ******** ** *** cash, ** ******** ~$* million ** ***** ********* consideration ** ***** ******* liabilities *** ******* ******* included, **** ******* **** the ********* ****** ********** for ********* *** ***** owed ** *********, *********, etc., ** ***** *****:
**** ** ********** **** Arecont's *********:
$73+ ******* **** **** / ******** **** *********** ****
*** ******** ********* ******** the ******** **** **** that *** ******* **** this ********* *** ****** the ******* **. ***** $73+ ******* ** ***** owed, **** **** *********, that **** / **** holder **** **** ********* get ******* ** *** dollar *** **. *** new ***** *** ******* will *** **** ***** away.
Total **** *** ******* ~$** *******
** ******** ***** ****, for ***, ** ~$** million, ********* ** *** cash ******, ***********, ******* capital *** **** ******* investments ** ********, *****, etc.
Auction ******** *** **** ***
**** ********* ** *** final *** ** ******* to ***** ****, **** Turnspire ****** *** ***** to *****. *** ******* itself ** ******** *** July *, ****.
*******, ** ********* ** *** ******** post, *******'* ****** *** already ********* *** ********* bidders *** **** ** the **** ***** *** of **** *******.
Bear ****
*** **** **** ** that ******* ** ******** and **** ********* ** such * *********** ******** historically ****** *******, ****** dying ** ********** ** get *****. ******, **** members ************** **** * negative ******* ** ******* as *** **** **** just ***** ******* ** was ********* *****:
Bull ****
*** **** **** **:
- *** **** **** *** strangling ******* ** *** gone.
- *** *** ********** (*.*., Kaplinsky, *******) *** ****.
- ******* *** ***** *** products *** ** *** simply * ********.
- *** ***** ** ****** low. ******* *** ~$** million ******* ** ****.
** ******* **** ******* can ********* **** ** even * ~$** ******* per **** ******** (***** small *** **** ***** surveillance ******** *********), ** would ****** ****** *** amount ******** ** **** a ****** ** ***** to ***** ***** (****** even ****** ***** ************ manufacturers ***** ** ** price ** *****).
****
Comments (37)
Luis Carmona
My question would be, is there anything about the camera architecture that would allow it to be more than a regular camera, ie. something that would make it a real differentiator and not just another camera?
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Undisclosed Integrator #1
Is there any land/a factory involved in the acquisition? That would seem to be fairly valuable, particularly in California.
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Undisclosed Manufacturer #4
Their existing customer base has to be worth 5x's that/year.
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Undisclosed Integrator #1
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Undisclosed #6
How many pennies per dollar do you think they’ll get?
Will they accept pixels instead?
;)
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Undisclosed Manufacturer #7
If QA\QC issues are solved (may have something to do with manufacturing in an office building to meet demand?) this is an incredible opportunity to revitalize Arecont. Made in the USA is quite rare in our industry and they have many Fortune 100 end-user connections. You would need a $100M+ investment to rebuild, poach some top talent in sales\BD, marketing and product management, and Arecont could easily be a $200M business within 5 years, especially if Trump (or similar) is reelected: Tariffs, Buy America Act, etc. SLED is probably the largest vertical that exists for professional products. The Dan Rittman's and Nathan Wheeler's of the world should be looking hard at this. I'll check my lotto ticket tomorrow and maybe I'll snatch it up.
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Jon Dillabaugh
05/23/18 03:24pm
Has the bank put the company in receivership? Who is running the day to day now?
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Scott Napier
We have a 50 of the Omni G2's and G3's installed around the Smithsonian, and they work quite well. For the sake of supportability, I hope they manage to stay around.
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James O'Donnell
If you are buying an on-going business, there needs to be inherent product quality or new product where the engineering is completed and they are geared to release new product that will compete effectively in the industry. The only thing I see they have going is that they are "Made in America". If they can innovate then they could reclaim some market share and the price might be a deal for the buyer. We have had maddeningly disparate results from them. All the box cameras are still working. The recent Surround cameras, even ones new out of the box have a 50% or greater failure rate. We switched to Axis and Vivotek and the failure rates aren't even noticeable now. There are some really dedicated people at Arecont, we hope the company survives and prospers with new engineering staff updates.
Jim O'Donnell
Statewide Security-Redmond, WA
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Undisclosed End User #8
I think it would be a great buy for a company that is a prominent in the security industry that does not have a panoramic line of cameras. Should I say it Bosch or even a companies whose own offerings in that space are sub-par compared to others, should I say it Pelco. Either of these one-time giants in the field would have the overhead to support the Arecont line. Standing alone I fear that Arecont is doomed to become beholden to an unfriendly foreign investor which will only steal its proprietary technology and customer base.
Let’s not forget Arecont being one of the few USA manufactures in this space was placed in to a lot of government facilities, as noted above by Scott. This makes an interesting subject if a foreign investor were to purchase the company. The cyber security implications of a foreign investor upon the integrity of the company would call into question the installation of future firmware updates, if one can't trust updates which are required to defend off future threats then the only course of action would be to remove those cameras. However during this time of shrinking government budgets, it could be quite vulnerability for some time which makes all that more tempting to a bad actor.
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Undisclosed Integrator #9
I would still like to see a compelling reason for me, or any other integrator, to buy this product in the future. Throughout my career I've given chance after chance to Arecont to fix the quality issues and they never have. I've been close to losing clients over these cameras.
What can they possibly do to convince me to give them another shot?
I'm at a loss to think of anything.
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Undisclosed #6
Coincidence???
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