Simpson Thacher Represents ADT in its CAD $555 Million Acquisition of Protectron
04.30.14
This is only gets display when printing
Simpson Thacher is representing The ADT Corporation (NYSE: ADT) in connection with its CAD $555 million (approximately USD $500 million) acquisition of Protectron, a leading provider of monitored security services in Canada. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close this summer.
The acquisition brings ADT 400,000 residential and commercial customers, including 31,000 contract monitoring accounts and CAD $12 million (approximately USD $11 million) in associated recurring monthly revenue. Protectron has a highly satisfied customer base with greater levels of customer retention than other major players in the North American electronic security industry.
The Simpson Thacher team includes Alan Klein, Sean Crnkovich and Maria Carolina Gonzalez Diaz (M&A); Sophie Staples (Tax): Greg Grogan and Patricia Adams (Executive Compensation and Employee Benefits); Lori Lesser and Genevieve Dorment (IP); and Adeeb Fadil and Noreen Lavan (Environmental).