ADT Acquisitions Reach Completion Cementing Powerful Growth Phase.
ADT Acquisitions Reach Completion – ADT’s late May acquisitions of multiple security integration businesses reached completion last week, with Everjazz, Alarm Assets Group, Powell Security Services and Austech Surveillance now part of IMG-owned ADT Australia.
Completion of the acquisitions, valued at around $A16 million in total, was conditional upon IMG receiving formal approval from its financiers and satisfying other customary conditions to meet a completion date around June 30.
The newly acquired businesses will be led by Geoff Campbell-Brown, general manager of ADT Security Australia, and have brought more than 35 skilled technicians into ADT’s workforce, significantly enhancing national coverage and service delivery to blue-chip clients and government agencies. Ed Robins continues with ADT as the WA state and regional manager, while Karen Robins has retired.
“We look forward to being able to offer a greater range of products and services, as well as to having our own monitoring centre again, which will enhance the security services we already supply,” Robins said.
According to Dennison Hambling, managing director of IMG, the team has lifted ADT’s commercial business from $A2 million in revenue in the year prior to IMG’s acquisition of ADT to a run rate of AU$12 million per annum by the end of June 2024.
“The addition of these businesses, customers, and people will unlock ADT’s commercial business further as it seeks to return to its historical levels of $A125 million in revenue and beyond,” Hambling said.
You can learn more about ADT Australia here, learn about IMG here, or read more SEN news here.
“ADT Acquisitions Reach Completion Cementing Powerful Growth Phase.”
