ADT closes $555 mln buy of Reliance Protectron from Alinda Capital Partners
ADT Corp (NYSE: ADT) has closed its previously announced purchase of Reliance Protectron Inc, a Montréal-based monitored security services provider and portfolio company of U.S. private equity firm Alinda Capital Partners. The deal's value was $555 million. Formerly a subsidiary of Reliance Comfort LP, Reliance Protectron became a portfolio company of Alinda following the latter's acquisition of UE Waterheater Income Fund for $1.74 billion in 2007. With its headquarters in Boca Raton, Florida, ADT is a home security provider. The Toronto-based Reliance Comfort recently agreed to buy National Energy Corp from Just Energy Group Inc for $505 million.
8 July 2014•3 mins read
