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)

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

Agree
Disagree
Informative
Unhelpful
Funny
Read this IPVM report for free.

This article is part of IPVM's 7,267 reports and 968 tests and is only available to subscribers. To get a one-time preview of our work, enter your work email to access the full article.

Already a subscriber? Login here | Join now
Loading Related Reports