Open Options Acquired By ACRE

By Brian Rhodes, Published Dec 17, 2018, 03:46pm EST

ACRE is doing deals again. A year after they sold Mercury, they are buying another access control company - Open Options.

In this note, we examine the acquisition, Open Option's revenue, and valuation as well as how it will likely fit with ACRE overall.

ACRE ********

*** ******* ****** **** Options ******, ** ********* ******* company, ******* ********** *** buying *** ** ******. As ***** ** ******** ******* ******** ******** Conference ****** ***** **** *********,

****** **** ********* **********, ACRE **** **** ** a ******* ******* *** growing ** ********* ******** businesses, ********* ***** **** are **** *****.

*** *******, ** *** short *******, *** ******* done ***** **** ****** and **** ******* *** ******* *** * *********** ******. Acre's ***** ****** ******* ******* Security, **********, ***, *** ******.

Open ******* ********

**** ******* ** * US (*****) ****** ******* offering *****-**** **** ***** systems ** ********** *********. The ********'* ********** ****** is *** ******, *** the ******** ********** *** compatible **** ******* ********, **** ******, *** ********/****** ***********.

*** ***** ************** *** Open ******* ** *** management *** ****** *********, ***** ***** ** 'clean', '******', *** '**** to *****' ** *** ********** ****** ********* *******.

*** ******* ***** ** a ******** ** *****-***** integrator ********* ** **** but **** ******* ****** independent **** ********* *** ******** ** ********** ** ****.

Revenue *** *********** *****

**** ******* ******* ** ~$20 *******, ********* ** ACRE's ************ ** *** Imperial ******* **********, ***** below:

*** *********** ***** *** not ********* *** ** would ****** ** ** be ****** (** *** $30 - $** ******* range) ***** ****'* ********* conservative ********.

Operating ********** **** ***** **** ******

****** **** ****** **** Options **** *** ******** 'Vanderbilt ******' *****, *** expectation ** ** ******** operating *** ******* ** a *****-*****.

**** **** ****:

** **** ** ******* OO ** * ******** company.  **’** **** *** back ****** ********* *********.

*** ***** *******, ***** Open ******* ********* *** branding ** *********, **** is ******* ***** *** comparatively **** *********** ** the ********** ***** ****** in ******.

Market ******

**** ******* ****** ** gain **** *** ***********. While *** ******* *** been *********** ** ******* marketing *** ***** *********** outside *** **** ***** base, **** ******** *** company **** ******* *** expertise.

****'* ******** ********** ******** former *** *** *** ****** *** ***** ********* *** ****** ***** **** longtime **** ******* **-******* President/CEO ***** ******. *** acquisition ***** ** *** midst ** *** ****** unexpected ******* ** **** Option's ******* ******* ******** Berman [**** ** ****** available], *** ****** * significant ********** ***, ********* to ******* **** *******.

****/****

Comments (1)

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Brian Rhodes

IPVMU Certified | 12/18/18 05:29pm

Link to Open Options CEO Steve Fisher memo on the deal.

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