The last several months have seen M&A activity in the security industry really picking up. Now Honeywell is getting in on the action by putting it's Building Solutions Business on the market. Contained within Building Solutions is a portion of Honeywell's security business.
Will Honeywell be able to join the multi-billion dollar M&A club, along with Tyco / JCI and ADT / Protection 1?
In this note, we break down Honeywell's financials, examine where the security business fits (or does not) and show what this means to the security industry.