ASSA ABLOY Acquires Door Supplier Stiles Custom Metal
California-based Stiles Custom Metal has played a key role in the hollow metal door and frame industry for more than four decades.
California-based Stiles Custom Metal has played a key role in the hollow metal door and frame industry for more than four decades.
ADT has entered into a definitive agreement to sell its Canadian operations to telecom Telus Corp. for CAD $700 million in cash.
The combined businesses will have roughly 3,000 employees working from more than 50 offices in 22 states.
The acquired company is family-owned and has operated for more than 25 years, serving Northwest Florida and South Alabama.
Three of the acquirers are the former owners of San Antonio-based Security General Int’l, which they sold to Tri-Ed Distribution in 2012.
The merged company is anticipated to have an initial enterprise value of approximately $5.6 billion and an initial market capitalization of about $3.1 billion.
HydrantID offers industry-leading and proven certificate authority services that secure IoT systems, enterprise networks and more.
The acquisitions of Systems Group and Fusion Fire Protection enhance ADT Commercial’s fire alarm, life safety and fire sprinkler systems capabilities in West and Mid-Atlantic regions.
Founded in 1978, LSSI offers a wide range of turnkey services within the life safety and security space, including sales, design, installation and service.
ASSA ABLOY says it will incorporate LifeSafety Power’s knowledge of power supply and power consumption throughout its access control portfolio.
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