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)

Avatar

Brian Rhodes

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

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

Read this IPVM report for free.

This article is part of IPVM's 6,743 reports, 909 tests and is only available to members. To get a one-time preview of our work, enter your work email to access the full article.

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