M&A Deal Summary

Devcon Security Systems Acquires Coastal Security Systems

On November 1, 2005, Devcon Security Systems acquired safety/security company Coastal Security Systems for 50M USD

Acquisition Highlights
  • This is Devcon Security Systems’ 1st transaction in the Safety/Security sector.
  • This is Devcon Security Systems’ largest (disclosed) transaction.
  • This is Devcon Security Systems’ 1st transaction in the United States.
  • This is Devcon Security Systems’ 1st transaction in Florida.

M&A Deal Summary

Date 2005-11-01
Target Coastal Security Systems
Sector Safety/Security
Buyer(s) Devcon Security Systems
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

Coastal Security Systems

Boca Raton, Florida, United States
Coastal Security Systems, Inc. (Coastal), based in Boca Raton, Florida, is a leading provider of security alarm monitoring and related installation services in south Florida and third party monitoring services nationally. Coastal monitors over 145,000 accounts throughout the United States and its monitoring central station is one of the largest in Florida. The Company has achieved consistent and steady growth through high quality service and effective marketing. It has been under the same management for over twenty years.

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Buyer(S) 1

Buyer

Devcon Security Systems

Hollywood, Florida, United States

website


Category Company
Sector Safety/Security
DESCRIPTION

Devcon Security is a provider of installation, monitoring and related electronic security services. Devcon currently monitors more than 140,000 commercial and residential systems in Florida, New York City and Staten Island.


DEAL STATS #
Overall 1 of 1
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 1 of 1