ADT buys FirstService Security

$187 million acquisition brings aboard SST's operations in U.S., Intercon in Canada


"I don't think that the IT industry has the upper hand in many of the large corporations," said Koch, noting that there is specialized knowledge related to security and safety systems that often presents a barrier-to-entry for firms that haven't traditionally been in the physical security space.

As part of the acquisition, Koch noted that there were overlaps in offices that might see some moves to combine real estate, but he said he didn't expect much thinning of employees as the companies merged. Additionally, Koch noted that ADT will keep the Intercon Security guarding operations in Canada, but that the company had not yet decided whether to operate that under the ADT or the Intercon brand name.

FirstService Security trades on the NASDAQ stock exchange as FSRV; ADT is listed under the Tyco umbrella on the NYSE as TYC.