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    ADT   US00090Q1031

ADT INC.

(ADT)
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Real-time Estimate Cboe BZX  -  03:46 2022-11-29 pm EST
9.195 USD   +1.16%
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ADT : Commercial Acquires Edwards Electronic Systems, Inc.

10/07/2021 | 12:27pm EST

ADT Commercial announces today that it has purchased premier fire, life safety and security systems provider, Edwards Electronic Systems, Inc., based out of Clayton and Concord, NC. The purchase of Edwards Electronic Systems further deepens the ADT Commercial organization's integration capabilities and fire and life safety expertise to serve mid-market, national and large-scale commercial customers in the Carolinas region.

For nearly 25 years, Edwards Electronic Systems has been a trusted installer and service provider of fire and life safety, security, video surveillance, access control, nurse call and mass notification systems for commercial, industrial, educational and healthcare facilities across the Carolinas.

"We're excited to be expanding our premier organization and deepening our fire and life safety capabilities in the Carolinas region with the addition of Edwards Electronic Systems to ADT Commercial. This growth signifies the strength of ADT Commercial and reinforces our mission to be that One Ideal Partner for our commercial customers across the country," said Dan Bresingham, Executive Vice President, ADT.

"We're very proud to be joining the ADT Commercial team, an organization we feel is completely aligned with our values to aim for customer service excellence at every turn. We look forward to continuing to offer our fire, life safety and security expertise to our customers in the Carolinas - now backed by the support and strength of a national company with a longstanding history in the industry," said Michael Edwards, President, Edwards Electronic Systems.

Media Contact:
Mallory Pernai, Marketing Manager
mallorypernai@adt.com

Disclaimer

ADT Inc. published this content on 07 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2021 16:26:15 UTC.


ę Publicnow 2021
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Analyst Recommendations on ADT INC.
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Financials (USD)
Sales 2022 6 364 M - -
Net income 2022 155 M - -
Net Debt 2022 9 525 M - -
P/E ratio 2022 53,5x
Yield 2022 1,60%
Capitalization 8 218 M 8 218 M -
EV / Sales 2022 2,79x
EV / Sales 2023 2,52x
Nbr of Employees 25 000
Free-Float 87,1%
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 9,09 $
Average target price 9,80 $
Spread / Average Target 7,81%
EPS Revisions
Managers and Directors
James D. DeVries President, Chief Executive Officer & Director
Kenneth Porpora Chief Financial Officer & Executive Vice President
Marc E. Becker Chairman
Donald M. Young Chief Operating Officer & Executive Vice President
Harriet K. Harty Chief Administrative Officer & Senior VP
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