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 ****** ********* ** ***,**** ******, *** **** $****.

**** ********* *** ***********, *** ***** *** *** ******* **** Snyder, *** ** ****** *** **** ** ********. ** **** report ** ***** ******* ** *** ******** ****, ***** ********* that ****** **** ** ********** *********** *******, *** ****** *** valuations ** ******** ********** *********.

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

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

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

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

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

Acquisition *******

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

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

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

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

***** *** ** ***** ** ****** ********'* **** ******** ** market ********, ********* ** ******. *******, ***** ** * ****** to ****** ********'* ******** ** ******** *** ****, *** ***** surrounding ******. ********** ***** ********* **** ***** ******** ***** ** these ***** ***** ** ******** ** ** ****** **** ********'* overall ********.

*** ******* *** **** ***** ***** **-*** **********, **** ****** ********** ** ******* ***** *** *********. ******'* ****** *** *** 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 **** *********.

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

Search More Important Than Live Monitoring - Statistics on Oct 18, 2017
Search is overall more important than live monitoring to integrators, according to new IPVM statistics.  The key themes found in integrator...
Exacq M Series Low Cost NVR Tested on Oct 12, 2017
With recent cyber security issues hitting NVRs and cameras from low cost leaders Dahua and Hikvision, users are increasingly seeking alternatives...
Surveillance Systems Remote Access Usage Statistics on Oct 11, 2017
Remote access is a major benefit and risk for video surveillance. It is a benefit because it allows users to manage security or review...
ADI To Be Spun Out of Honeywell on Oct 10, 2017
Honeywell has announced it will spin off ADI and its Home products division into a new public company. This is a big move for the mega-security...
Honeywell Discontinuing DragonFly on Oct 05, 2017
DIY is a big trend in the intrusion market and threat to incumbents. However, Honeywell is discontinuing their DragonFly DIY video-verified...
Vivotek Delta Acquisition Concludes on Oct 02, 2017
On August 8, 2017, Delta Group made an offer to acquire Vivotek. Now, the acquisition process has concluded. Inside this note, we examine the...
HID Buys Mercury Security on Sep 19, 2017
One of the biggest access control deals in years. Mercury Security, the most widely used access hardware OEM, and partner to 20+ manufacturers,...
Alarm.com Vs. Honeywell Total Connect Shootout on Aug 30, 2017
In the smarthome and intrusion market, Alarm.com and Honeywell are two of the biggest names. Both platforms offer remote management of alarms, home...
Honeywell Total Connect 2.0 Tested on Aug 22, 2017
Honeywell is one of the biggest brands in security, with Total Connect 2.0 being the company's remote security and smarthome platform. We bought...
IP Camera Specification / RFP Guide 2017 on Aug 14, 2017
RFPs are hard. Do them 'right' and it takes a lot of knowledge and time. Do them 'wrong' and you can be (a) unwittingly locked into a specific...

Most Recent Industry Reports

Uniview Recorder Backdoor Examined on Oct 20, 2017
A Chinese research group has identified a vulnerability in Uniview recorders that allows backdoor access in a method similar to the Dahua...
Hikvision Access Control Tested on Oct 19, 2017
Hikvision aggressive pricing and marketing combined with generally reliable hardware and free software has made them a major player in video...
Verkada, Silicon Valley VSaaS Startup, Targets Enterprise on Oct 19, 2017
Verkada says they are building an enterprise-class VSaaS offering, calling it "The new platform for video security". This is a departure from the...
Exacq Unbreaks Avigilon Integration on Oct 18, 2017
For nearly 4 years, Exacq had broken and effectively blocked use with Avigilon cameras, as IPVM reported in January 2014. Now, Exacq has...
Search More Important Than Live Monitoring - Statistics on Oct 18, 2017
Search is overall more important than live monitoring to integrators, according to new IPVM statistics.  The key themes found in integrator...
Axis 'Sold Out' P3707-PVE Multi-Imager Tested on Oct 18, 2017
Axis faced significant product shortages over the summer. Perhaps the most notorious and significantly sold out model was the Axis P3707-PE 8MP...
Dahua Removes Auto Rebooting on Oct 17, 2017
For years, Dahua has automatically programmed its IP cameras to reboot weekly, a highly atypical and questionable practice. Following IPVM...
Deep Learning Tutorial For Video Surveillance on Oct 17, 2017
Deep learning is a growing buzzword within physical security and video surveillance. But what is 'deep learning'? In this tutorial, we explain...
Multipoint Lock Access Control Tutorial on Oct 17, 2017
Doors are notoriously weak at stopping entry, and money can be misspent on wrong locks that leave doors quite vulnerable. While closed and locked...

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