Alinda Capital Partners to sell Reliance Protectron to ADT for $555 mln

Reliance Protectron Inc, a monitored security services provider, has agreed to be bought by ADT Corp (NYSE: ADT). The acquisition price is $555 million. The seller in the transaction is Alinda Capital Partners, a U.S. private equity firm specializing in infrastructure. A subsidiary of Reliance Comfort LP, Reliance Protectron became a portfolio company of Alinda following the latter's take-private acquisition of UE Waterheater Income Fund for $1.74 billion in 2007. Upon closing of the deal this summer, ADT said that Reliance Protectron will retain its brand name and continue to be headquartered in Montréal. Based in Boca Raton, Florida, ADT is home security provider.

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