Security Sales & Integration June 2022 - 10

INDUSTRY PULSE NEWS
Allegion Set to Acquire Stanley
Access Technologies for $900M
▶ DUBLIN - Allegion, a leading global
security products and solutions provider,
announces it has signed a definitive
agreement to acquire Stanley Access
Technologies and assets related to the
automatic entrance solutions business
from Stanley Black & Decker for $900
million in cash.
In December, Stanley Black & Decker
sold its Stanley Security integration
business to Securitas AB for $3.2 billion
in cash.
Access Technologies is a leading manufacturer,
installer and service provider
of automatic doors in North America,
primarily in the United States and Canada.
Its customer base centers on nonresidential
settings, including retail, healthcare,
education, commercial offices, hospitality
and government. Access Technologies
generated approximately $340 million in
net sales in 2021.
As a result of this acquisition, Allegion
will significantly expand its breadth of access,
egress and access control solutions.
" With this acquisition, we will expand
in an adjacent market segment,
ultimately providing customers and
end users with a more comprehensive
offering for seamless access wherever
they reside, work and thrive, " says David
D. Petratis, Allegion chairman, president
Sciens Grows Stable With
Electronic Security Solutions
▶ SAN FRANCISCO - Sciens Building
Solutions announced in April it has added
Plymouth Meeting, Pa.-based Electronic
Security Solutions (ESS) to its growing
portfolio of companies.
The acquisition is said to help Sciens
establish its presence in the Pennsylvania
market, while providing ESS and its
customers with even deeper resources
and expertise, as well as the ability to
leverage Sciens' growing presence across
North America.
" Sciens' and its affiliated companies'
10
Fire Systems and Florida-based LV
Solutions in March.
The deal follows Stanley B&D's sale of
its Stanley Security integration business
to Securitas AB in December.
and CEO. " Combining Access Technologies'
high-quality products and services
with our ability to deliver value through
access will significantly expand our core
business and accelerate growth. "
When adjusted for approximately $90
million in tax benefits, the purchase price
is $810 million on a cash-free, debt-free
basis. Reducing the amount paid by the
tax benefits, the purchase price represents
approximately 14.5x 2022E EBITDA, or
approximately 12.5x including run-rate
synergies, according to the company.
" As a global industry leader in access
technology and security, Allegion will provide
our business with incredibly strong
new end user, architectural and specification
relationships and distribution
networks, as well as additional resources
to take our business to the next level, "
adds Brian Pertman, Access Technologies
president and general manager.
solid technical expertise and comprehensive
building solutions, combined
with ESS' capabilities, empowers us to
develop more comprehensive offerings
for the important Pennsylvania, New
Jersey and Delaware markets, " says John
Mitchell, president of ESS. " We are excited
to grow together under the Sciens
platform and look forward to continuing
to provide excellent customer service to
our valuable current and prospective clients,
as well as our talented employees. "
The acquisition marked the third
for Sciens within a month following
its purchases of New York-based West
Security Sales & Integration JUNE 2022
SIA Creates Utilities Advisory
Board Steering Committee
▶ SILVER SPRING, Md. - The Security
Industry Association (SIA) announces
the first members of its Utilities Advisory
Board Steering Committee.
SIA says it created the Utilities Advisory
Board to offer insight and education to
security practitioners, members of the
security industry and other stakeholders
about emerging security trends,
regulatory compliance issues, and
recommended practices for protecting
utility infrastructure.
Comprising the steering committee
members are Chair: Joey St. Jacques,
ACRE; Vice Chair: David Lathrop, Unlimited
Technology; Pierre Bourgeix, ESI
Convergent; Hyong Cho, RFI Communications
and Security Systems; Jasvir Gill,
AlertEnterprise; Scott Gross, Con Edison;
Benji Hutchinson, Paravision; Dan Krantz,
Secure Worker Access Consortium; Steve
Lindsay, XTec; Harry Regan, SixtyBit Consulting;
Patrick Simon, Beehive Technology
Solutions; Steven Sinclair, Convergint;
Dave Stolerow, Siemens; Nathan Vank,
IronYun; Christopher Walcutt, DirectDefense;
Gladys Wanyeki, Salto Systems;
and Linda Ziemba, AeroDefense.
Vote for SSI Supplier
Stellar Service Awards
▶ FRAMINGHAM,
Mass. - Security Sales
& Integration announces
the 2022 Supplier Stellar
Service Awards is now
2022
STELLAR
SERVICE
AWARDS
open. This program celebrates those
companies that deliver the highest levels
of service and support to the installing
dealer and integrator community. The
final day to vote is June 30.
The Supplier Stellar Service Awards
will honor manufacturers, distributors
and wholesale monitoring firms for
outstanding customer support and
service across a broad range of " stellar "
support/service areas. All responses are
kept anonymous.
securitysales.com
http://www.securitysales.com
Security Sales & Integration June 2022

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