Ex-ADT President And PE Firm Pay $200M+ For Alarm Dealer Guardian

Author: Brian Karas, Published on May 31, 2017

Private equity firms are on the hunt for security companies with strong RMR numbers. One such security company, Guardian Alarm, was recently purchased by a private equity group and the former President of ADT, Mike Snyder, for over $200M.

IPVM discussed the acquisition, and plans for the company with Snyder, who is taking the role of Chairman. In this report we share details on the multiple paid, other companies that Snyder sees as attractive acquisition targets, and trends for valuations of security integrator companies.

******* ****** ***** *** ** *** **** *** ******** ********* with ****** *** *******. *** **** ******** *******,******** *****, *** ******** ********* ** * ******* ****** ***** *** the ****** ********* ** ***,**** ******, *** **** $****.

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

Guardian ***** **********

******** *** ******* ** ****, *** *** **** * ****** owned *** *** ******* ** ***** *** ****** ***********. ****** issues *** *** *******'* ***, ******* ******, ******** *** ****. Pierce *** ******* ******** ** *** ******* ***** ** *** acquisition, ****** ** ****** ***** **-*** **,***** *********, *** ******* ** ** ***.

*** ********* ******* ******** *** **** ***** *******, **** *********** and **********, ********* ** ******** *** ****. ******* **** ********* are ******** ** ********, ***** ** * ****-********* *****/************/********** *******. In ******** ** ***** ************ *** **********, ******** **** **** some ***** ********** *** ******* **********.

******** *** ********* ****** ** *** *** ** ** ****** ***, * **** ** ***** ********* ****** ** ***, *** reported ****'* *** ** $*.** *** * ******** **** ** excess ** ***,*** ********.

Acquisition *******

****** ****** *** ******* *** ****** ** *** ***, ***** would **** *** *********** ***** ~$****. ******* ****** *************** *** ******* ********, ****** ****** ****** ** **** *** some ***** **** *** ***********.

********'* *** **** **** ** ***** *** ***********, **** ****** becoming ******** ** *** *******, ****** ********* ** ** ******** role.

****** *** ******* **** **** ****** *** ********* ******** ** a ****** ******** **********, *** ********* *** ********* ****** ** Guardian's ********** ***** *** ****** ******** ****, ***** ** **** drives ***** *** *** ***** ********** ****** *** ******* ******.

Post-Acquisition ***** / *********** *** **** ************

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*** ******* *** **** ***** ***** **-*** **********, **** ****** ********** ** ******* ***** *** *********. ******'* ****** *** *** company ** ** ****** *** ******* *********, ** **** ***** replacing ******* ******** **** *****/**** ******** *********, *** ** ********* strategies ******* ** *** ** **** ******** ************* **** *** next ******* *****.

Compared ** ***** ***** *** ************

***** ******* ************ ** **** **** *** ******** **** ** the ******** ********. ** * ************ ** ******* ****** ******** **********, * ** **** ********** ***** *********** ********** ***** *********** **** **** ****** *** ******* ******** *** ***** >$***,*** to ** ~***, *** **** ***** **** *** ****** ** these ***** **** ******* ******* ** * *** *** ****, with **** ***** ****** ** *****, ** **** * ****** such ****:

**** ***** *** *** ******** *** ******** ******* ** ***** of *********, *** ***** **** ***** ** ***** *********** ******. In ********** *** ******** **** ******, ** ****** **** ***** the ****** ***** *** **** *** ********* **** ** *** range ** **-***, **** ***** ****** *** ********, *** ********** were ****** ** ***** ******** ****** ** *** *** ******** earned.

Comments (11)

******* **** *****

****'* *** ****** ******** ****? ***?

******* ** **** ***** ***** ($****+) *** **** *** ********, but ** *** *** *** **** *** *****, ** ** very ********. **** ** *** ** ********* ******, *** *** fact **** ***** *** ********** *** ***** **** **** **** year, ** *** ** *** *** * *** ** ******* to ********* **** ** ********* **** ******.

** *** ***-**** *****, *** ******* ** ~**, **** * spread **** *** ** ***, **** **** ********** ** ********** (this ***** **** *** **** ****** ******** ************ ********** ** the ******):

****** *****. ***'* **** ** * ****** **** ** ** such *** **** ******** *** **** ****** ** *** ********. Just ********* *** **** ***** ***** ** ********* *** ******** or **** ***** **** ****** ****.

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

*'* **** *** ***** ******* ******, ***** ***** ***** *** often ****** **** ** *** ******** ** ***, ***** *** things **** *** ****** *** ********* **** ********** *** ********** (some ** **** ** ******* ** ********** *** ******* ******** *****************).

***** * ** *** **** **** ******** **** ** ********, they *** ***** ** ***** *******, ***** * **** **, and * *** **** **** * ****** ** ***** **** VideoIQ *** **** ******** ** ** ***** *****. ***** ******** was **** *****/******** ** **** ** *** ****, *** "******** Alarm" ******** *** ***** ** ****** *** ********** ****** ** be ** ***** ** ********* ** *** ** *** ******** brand. ****, * ***** ******* ***** ***** **** ** ** relatively *** *** ******* ****** ** ** ********, ***** ***** have *********** ** ******** *********. ************, **** **** **** ** business * **** **** ****, **** ******* ******* ** *** overall ******** *****, ** * ***** ***** *** ******** **** on ******, *****, *******, ***. ***** **** *** ******** **** a ****** ********.

* ****** ***** **** ** *** ***** ******-- **-** ** the ****** ***** ****** ***** **** **** **** ******* *** plays ***** *** *** **** ***. ******* ****** *** ******* 32-35. **** *** ** * ****** *** *********** *** ** company *** ***** ***** **** **** ******** **** * *** more ****** ********** ******** ***** *** ****** ********.

*** **** **** ******** *** ********** ******** **** ** *** company? ***** *** *** ******* ** *** ***** ******* ******* of *** *******.

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

** ******* “***** ********” ****** (*******) * *********** **** ** justify *** ******* **** ********.***** ****** ******** ** ***** **** ** ******* ****.****** ********, ****** ** *******, ** ********, *** *** ********* of ********* *********, *** ****** ***** ** ***, *** ****** growth.**** *** ******* *********** ** **** **** **** ***** “**** Watch ********”.

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

********** ***** ********* **** ***** ******** ***** ** ***** ***** could ** ******** ** ** ****** **** ********'* ******* ********.

** **** **** * **** ** **************/******* ** *** ******** and ********** ***** **** *** **** ****** ** *****. ***** this ** *** ********* ** ************** ********* ********** *** ******* industry, ****** ******?

(******** *** ***/*** ****** ***** ** ********** *** ****** ***** of **** **** ** *************)

*** ********, **** ***** ** *****. ******** ** ****, *** leadership *** ****** ****** ********* **** **** ****** ******* ******. Another ***** ****** ** **** ****** (* **** ** ********) is***. *** ******'* ********, * ***** ***** **** ** ***** of *** ************, ** **** *** *** **** ***** ****** in **** *********.

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