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    ADT   US00090Q1031

ADT INC.

(ADT)
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ADT : Commercial Acquire SAFE Electronics, Inc.

03/10/2021 | 09:07am EDT

ADT Commercial continues its strategic M&A strategy to expand its nationwide geographic footprint with today's announcement that it has purchased SAFE Electronics, Inc., based out of Las Vegas, NV. The acquisition comes just a month after ADT Commercial purchased the assets and customer agreements of Atlanta-based Ackerman Security Systems' commercial sales and service division.

Established in 1984, SAFE Electronics has been a family-owned and operated low-voltage systems integrator, helping to protect people and property across the state of Nevada. SAFE Electronics specializes in the system design and installation of fire alarm and suppression systems, security alarms, video surveillance and access control for a wide range of commercial industries, including in retail, industrial facilities, institutional environments, hotels and hospitality, gaming and entertainment arenas, and manufacturing sites.

'We're so excited to welcome SAFE Electronics to ADT Commercial and to deepen our presence in the Las Vegas area and across the state of Nevada. For decades, SAFE Electronics has proven its wide-ranging expertise in protecting what matters most to commercial customers, and we're thrilled for them to join the ADT Commercial family,' said Dan Bresingham, Executive Vice President, Commercial, ADT.

'For more than 35 years, SAFE and our talented employees have established a commitment to excellence in serving customers across a wide range of industries. We're proud to join ADT Commercial, whose national presence will allow us to better respond to our customers' evolving needs and provide our dedicated team with the career growth opportunities and expanded capabilities to best serve our customers,' said Roy Pross, President, SAFE Electronics, Inc.

Disclaimer

ADT Inc. published this content on 10 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2021 14:06:06 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 5 206 M - -
Net income 2021 -288 M - -
Net Debt 2021 9 185 M - -
P/E ratio 2021 -29,6x
Yield 2021 1,28%
Capitalization 9 085 M 9 085 M -
EV / Sales 2021 3,51x
EV / Sales 2022 3,31x
Nbr of Employees 20 500
Free-Float 85,8%
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Technical analysis trends ADT INC.
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TrendsBullishBullishNeutral
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 10,95 $
Average target price 12,41 $
Spread / Average Target 13,3%
EPS Revisions
Managers and Directors
NameTitle
James D. DeVries President, Chief Executive Officer & Director
Jeffrey A. Likosar CFO & President-Corporate Development
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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