ADT Security to acquire Alarm Assets & ACG Integration

ADT Security has announced the strategic acquisition of Alarm Assets Group (AAG) and ACG Integration, bolstering its operational capacity and market reach. This move is set to integrate over 35 skilled technicians into ADT's workforce, significantly enhancing national coverage and service delivery, particularly to blue-chip clients and government agencies.

The integration of these new assets will be overseen by Geoff Campbell-Brown, General Manager of ADT Security. The acquisition aims to strengthen ADT's service offerings and support its growth ambitions. Dennison Hambling, Managing Director of Intelligent Monitoring Group (IMG), the parent company of ADT Security, emphasised the positive impact this acquisition is expected to have on ADT's commercial business.

Hambling stated, "Having already lifted ADT's commercial business from AUD $2 million in revenue in the year prior to IMG's acquisition of ADT to a run rate of AUD $12 million per annum by the end of June 2024, expanding the ADT business through the strategic acquisition of two quality businesses will continue to enhance ADT's footprint in a highly prospective market. 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 AUD $125 million in revenue and beyond."

Campbell-Brown also expressed enthusiasm regarding the acquisition, noting the enhanced capacity and customer base it brings to ADT. "ADT is excited to integrate AAG and ACG into the ADT family. These acquisitions bring expertise and a strong customer base that will enhance our service offerings and support our growth ambitions. Our focus will be on seamless integration, maintaining high service standards, and leveraging our combined strengths to drive innovation and operational excellence. This expansion will strengthen our market position and provide new opportunities for our team members," he said.

These transactions are subject to certain conditions, including obtaining formal approval from IMG's financiers. The acquisitions are expected to be completed by the end of June 2024.

ADT Security, with a history spanning over a century, is the Pacific's largest electronic security company. It provides electronic security solutions to more than a hundred thousand residential and commercial customers in Australasia. Their product range includes alarm systems and integrated security applications that link access control and CCTV, signifying a comprehensive offering in the security sector.

The strategic move by ADT demonstrates a robust commitment to enhancing its service offerings and expanding its market reach. By integrating the expertise and customer bases of AAG and ACG, ADT aims to solidify its market position and drive significant growth in the sector. This acquisition not only aims at improving immediate service delivery but also positions ADT for long-term operational excellence and innovation in electronic security solutions.