"Grand Slam" For Pelco's PE Firm, A Risk For Motorola

Published Aug 07, 2020 14:41 PM

The word "Pelco" and "grand slam" have not been said together for many years. But the PE Firm, Transom, who flipped Pelco to Motorola is celebrating just such a moment.

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At the same time, Motorola's CEO has disclosed more financial details about Pelco giving a better sense of where Pelco is at and what Pelco will be costing them going forward.

We examine why Pelco's previous owner is so happy and whether Motorola will be as happy with their Pelco purchase in the coming years.

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

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

IPVM Image

*** **** *******, ***-******* ***** *** the ****** ******* ****:

********* ** ** ******** ******, ******* recorded *12x ****-**-**** ****** on its investment in Pelco.

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

*** **** ****** * ** ***** cash-on-cash ****** ** *** ****, ********* to * ****** **** ********* ** the ****.

12X ******

***** *** ***** ***** ** $*** million, **** ******* **** ******* ******* paid $** ******* **** ** ****** ago. ***********, **** ***** **** ********* on *** **** **** ******* **** or ******** **** ********* ***** **** the **** ** ******.

Transom ** ******* ***** ******

******* ******** *** ******* ** ****.

*******, *********'* ************ ** *** ***** ****, **** ********** "*****" ******* ** key ** ***** ******:

***** *** *********** ** *** ******* in *** ****, ** **** ************ executed *** ************ ******** ******* ** ********* *** operations *** ********* ********* ** *** Company. *** ********** **** ****** * critical **** ** ******** * ********* infrastructure **** ******* ***** ** ****** its ******* ** ** ******** ******* video ******** ********* ********.

***********, ***** *** ********** *** ******** 'its ******* ** ** ******** *******' anything.

** *** ******** ****, ******* *** not **** ***** *** ** *** not **** ** *** ***** ****** or ******** ** *** **** **** so **** *** ****. *******, ** never ****** ***** ** ** *** Transom *** ***** ** ************* ******* Pelco ***, ***** **** *** *** really ***** ***** ****, ** *** minimal ***** ** ************ **** ***** development ****** *******'* *********.

Transom ****

**********, ******* ** *** ****** ****. Whether **** ******** *** * *** return ** ******* ** ** ***, at *** **** ** *** **** Pelco ****, ******** ********** ********** ****** about * ***** ***** ***** ** the $** - $** ******* *****.

***/***, ** ******** ****** ****** ****** to *** *****, *********, ********* ******** 14 ****** ***. ***, ******* *** a **** ***, ** *** * grand ****, ** ******** ** ********.

Motorola ******* ***** ********* *******

** *** **** ****,********, ** *** ** ********'* ****, ******** **** ********* ******* ***** Pelco *** **** **** *** ****. Motorola ******** ***** **** **** **** revenue ** ** ~$*** - $*** million *** **** $** - $** million **** **** **** ******** **** in ***** ****** ** *** *** of *** ****. **********, ***** ******* ~$200 ******* ****** *******, ***** * steep **** **** *** ***** ***** at $***+ ******* ****** *******.

********, ******** ******* ** "*********** $** million ** **** *** *** ******* of *** ****" ** *****. ** expect **** ** ** **** ******** investing **** ***** ** ***** *********** losses ** **** **** ***** ** odd ***** ****** $*** ******* *** the *******.

Won't **** ** ***** ********

***** *** ******** ** ******** $*** to $*** ******* (********* ** ****** Pelco **) ***** **** **** * lot, ******** *** * ****** ************** of ~$** ******* ** **'* ******* a *% *** *** ********. ** it *****, *** ****** **** **** not ** ****.

*** ******** **** *** **** ***** be ****** ** ** ************ *** core ** ***** ***** ************ ********, Avigilon.

Motorola *** ********* ***** ****

******** *** ***** ***** *** **** for ***** ******** ** ***** *** marketing **********:

*** *** ****** *******, *** *** second *****, *** *** ************* *********, use *** ****** ********* **** *** federal ****** **** ***** ******* ****.

***** ** ** *** ***** *****'* global ******* ** **** ******, ***** brand *** **** *****, ***** **** have ** ************* ********* *** * presence ** *** ******* ****** **** can **** ********.

** ** ***** $*** ******* + tens ** ******** **** ** ***** it **** **? ** ** **********.

Vote / ****

Comments (14)
U
Undisclosed #1
Aug 07, 2020

**** ** *** ******* **** ** evaluate **** ***** *** ** *** not ** *** ********, * ***** we *** ***** ** **** **** the **** ****** ** **** ***** on ***** ** *** **** ****** will **** **** *******.

(8)
(3)
UM
Undisclosed Manufacturer #2
Aug 07, 2020

** *** **** ***** *** ***** back ** *** ***, **** **** missed ***** ****** *** *** **** to ** *** **'* **** ******** ever *****. ******** *** ******** *** some ******* *** ** *** ***** - ********** ** ***** ******** *** The ****** ****. *******, **'* ***** to **** * *** ** ****** sales ** **** **** *** **** investment ****'* **** ****. * ***** this ** * *** **** *** Motorola.

(3)
(1)
UI
Undisclosed Integrator #3
Aug 07, 2020

***** ***** **** *** *****. * know *** * **** **** **** were ** *** ******* ******* ************* to *** ****, *** ***** *** for *****. *** **** ***** ***** a **** *** ** ***** ** outdated ******** ********* ****** *** **** tenured ********** *********, *** **** **** will ********* **** ***** ****** ** out ** *******.

(3)
(2)
UM
Undisclosed Manufacturer #6
Aug 07, 2020

* ***** ** ************* ********* **** a **** **** ** *************/********* ***** has ** *******, ***** ********** ************* markets *** *********. *** ******* *********** you ******* *****-**** ** *** ** market *** ******* **** **** ********** and ************ ** ***** ************* *********/********. They ********* *** ********** ******* *********, the ********* ** ********, *** **** of ***** *** *** ** ******* real **** ** ***** ******* ** some *****!

* ******'* **** ** * **** dunk *** * ***** **** *** a ******, ****-***** ***** *** **** as ****!

(3)
(4)
U
Undisclosed #4
Aug 07, 2020

*****! ** ****** **** *** *** in ******!

(6)
UI
Undisclosed Integrator #5
Aug 07, 2020

**** ******** ******** *** **% **** would ** ****. ** *** ** it *** **** *** ***** *** they *** *** **** **** **** cash **** *** **** *** *** cash ** **** ** ******** *** entirely ********.

JH
John Honovich
Aug 07, 2020
IPVM

******** *** **% ****

**** ***** *** ****** * ***** but * ** *** **** ***** a ********** ********! :)

** ** ******** **** **** ***** a **** ** *** ****** ****** though * ** ******* *** **** debt *** ***** ** ******* ** use **** ** ***** **** *****.

(1)
UI
Undisclosed Integrator #7
Aug 07, 2020

******** ******** ** *** ***** ******* in ******, **? ******* ******** ** looking ** ****** *** ******** **** in ******* ************?

(1)
JH
John Honovich
Aug 07, 2020
IPVM

******** ******* *** ****** ** ****. ******** ***********'* ******* ** ********** ******** **** ** *** **** for ****** ***** ** *** ***.

(1)
(3)
UE
Undisclosed End User #8
Aug 08, 2020

***** *** ****** ****** ***** *** good ** ********, ** ** **** give **** ****** ** **** *** more ******* ******** *** **** ******** base ** *** ******** *** ****. But **** *** ** ** **** for *** **** *** ********, ** now **** *** *** **** ***** surveillance ************* ** ** *** **, which **** *** ** *** **** moving ******* *** ** * *** or *** *****, ******** **** **** competition ** ****** ******** ******** *********. For ****, **** ** ** **** Motorola ******* ** ******** **** *** three ****** ******* *************.

(1)
UE
Undisclosed End User #9
Aug 10, 2020

**'* ****** * ***** **** *** Motorola.

**********-****, ***** **** **** ****** *** times *** **'* ****, **** *** don't **** *** ****, ** ****** in ****** *&* ** *** ***** of *** ******* ********* ***.

*****'* ***** *** ************ ******* ******, the ***** **** ********** *** ** sell ** ********** / ****** ******** (and *** ********** ***** ** *** govt/public **** ** ***** ***** ******* Pelco), ** * ***** *****. *'* be **** ** ************* ******* ****'* learned ** ****** ** ** *********** where *** **** *** **** ***** to *****, *** ***** * ***** of ****.

** ******* ****, ******** ***** *** Avigilon **** ** ***** ******** *** have ** ********-*********** ******* *******, ***** to *** **** **** ****. ******* marketing ****** ** ****** ******** ***** the ****-****/******* **** ***** *** ***** the **********/****-******/****** ***** *** **** ***** overall ****** *********** **** *******. ******* the ***** ***** ** ******** ** discounting *** ***** ******** * ****** (save **** ** *** **** ******** for ******** ** ** **-****) *** Pelco ***** ***** ******** ********* *** the ****/*****-********* *****'* *****.

***** * ***** **** *** * larger ******* ******* **** ******** ******* of *** **/******* ******. * *** the **** (************) * *** ** hardware ** *******, ********, ***. **** I'm *********. *** *** ** *** the ******* *** *** **** ** out *** ******** :)

(1)
JH
John Honovich
Aug 10, 2020
IPVM

*****'* ***** *** ************ ******* ******, the ***** **** ********** *** ** sell ** ********** / ****** ********

***** *** *** * *** ** employee ******** **** *** **** *** years ** *** **** *** **** the ***** *********** ***. **** *****, I ***** ** *****. * **** think **** ** ********** / ****** entities ***** ***** ** ** ***** recognize *** ***** *****.

*** *** ** *** *** ******* mat *** **** ** *** *** yourself :)

******, ****** *** ******** ** *** much ** *** *** *** ******* mat...

UI
Undisclosed Integrator #10
Aug 10, 2020

******** **** * ***** ******** *** the ***** **** ** ***** *** to *** ******** ( * ***** multinational) ****** ***** ********* *** **** facility. ** **** *** ********* **** the ********* **** *** *** ************ several ***** ***. ** ** *** subcontractors ** **** *******, *** ****** to ***** *** ********** *** ******* them ** * ****** ******** *** dismissed - *** **** *******. ** the ***** ** ** ********** ***** among ******** *** **** ** **** current, **** **** ******** ********.

UI
Undisclosed Integrator #11
Aug 11, 2020

* ** ******* ** *** ** this ** *** ******** **** *** Avigilon ******** **** ***** ******* ************* doing * ********** ** ******** *******?

******** ***** ****** ******* *** ** Avigilon, **** ** *** ***** **** have ******* ****** **** ***** ******* are ************.

******** **** **-********* ******* ** ***** and * **** ******** ** **** were ********** **** **% *** ** 30% ***. ***** ******* **** *** need ** ****** ******** *** ***** projects **** *** **** ** ***** getting **% *** ** ****** * lofty ***** ****** **** **** ** retain **% ***. **** *** ***** target ** *** ** ****** ** comparison ** *** ******** ***** ******.

***** **** ** ***** *** ** very **** *****, ** ****** ** unreasonble ***** ******** **** ******** ******** infuencing ***** ********** ** ********* **** re-evaluation ** ** ********* *** ****.

(1)
(2)
(1)