M&A Deal Summary

ADT Acquires Devcon Security Systems

On July 31, 2013, ADT acquired safety/security company Devcon Security Systems from Golden Gate Capital for 148M USD

Acquisition Highlights
  • This is ADT’s 4th transaction in the Safety/Security sector.
  • This is ADT’s 5th largest (disclosed) transaction.
  • This is ADT’s 2nd transaction in the United States.
  • This is ADT’s 1st transaction in Florida.

M&A Deal Summary

Date 2013-07-31
Target Devcon Security Systems
Sector Safety/Security
Buyer(s) ADT
Sellers(s) Golden Gate Capital
Deal Type Add-on Acquisition
Deal Value 148M USD
Advisor(s) Imperial Capital LLC (Financial)

Target

Devcon Security Systems

Hollywood, Florida, United States
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.

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Buyer(S) 1

Buyer

ADT

Boca Raton, Florida, United States

Category Company
Founded 1874
Sector Safety/Security
Employees14,300
Revenue 5.0B USD (2023)
DESCRIPTION
ADT's corporate headquarters in Boca Raton, Florida.
ADT's corporate headquarters in Boca Raton, Florida.

ADT is a provider of security and automation solutions for homes and businesses in the United States and Canada. ADT's broad and pioneering set of products and services, including ADT Pulse® interactive home and business solutions, and health services, meet a range of customer needs for today’s active and increasingly mobile lifestyles. ADT was founded in 1874 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 4 of 23
Sector (Safety/Security) 4 of 16
Type (Add-on Acquisition) 3 of 21
State (Florida) 1 of 2
Country (United States) 2 of 20
Year (2013) 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-14 Intercon Security and Security Services & Technologies

Canada

Intercon Security and Security Services & Technologies provides security services and security guards.

Buy $187M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Reliance Protectron

Montreal, Quebec, Canada

Reliance Protectron sells, leases, installs, monitors and maintains alarm systems for residential and commercial subscribers and provides third-party monitoring services for smaller alarm installers. Reliance Protectron markets its alarm systems through a corporate sales force and a network of authorized agents and dealers. The company operates monitoring stations in Montreal, Quebec City and Ottawa.

Buy CA$555M

Seller(S) 1

SELLER

Golden Gate Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 36 of 84
Sector (Safety/Security) 2 of 2
Type (Add-on Acquisition) 17 of 39
State (Florida) 1 of 4
Country (United States) 32 of 76
Year (2013) 7 of 9
Size (of disclosed) 16 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-12 Neways International

Springville, Utah, United States

Neways is a leading manufacturer and distributor of safe, effective and innovative personal care and nutritional products. Neways' mission is to enhance the health, wealth and well-being of people around the world. Products are sold through a worldwide network of independent distributors with sales in 23 countries. Neways also operates manufacturing facilities in Salem, Utah, and Auckland, New Zealand. Neways' headquarters are located in Springville, Utah.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-11 BMC

Houston, Texas, United States

BMC is a systems software provider which helps enterprise organizations manage and optimize information technology across cloud, hybrid, on-premise, and mainframe environments. BMC was established in 1980 and is based in Houston, Texas.

Buy $6.9B