ADT Security Group Pty Ltd, a subsidiary of Intelligent Monitoring Group Limited (IMG), has announced the strategic acquisition of Alarm Assets Group (AAG) and ACG Integration Pty Ltd (ACG).
The newly acquired businesses will be led by Geoff Campbell-Brown, General Manager of ADT Security Australia, integrating more than 35 skilled technicians into ADT’s workforce, significantly enhancing national coverage and service delivery to blue-chip clients and government agencies.
Dennison Hambling, Managing Director of IMG, commented:
“Having already lifted ADT’s commercial business from AU$2 million in revenue in the year prior to IMG’s acquisition of ADT to a run rate of AU$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 AU$125 million in revenue and beyond.”
Geoff Campbell-Brown, General Manager of ADT Security, commented:
“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.”
Completion of each acquisition is conditional upon IMG receiving formal approval from its financiers and satisfying other customary conditions. IMG aims to complete the acquisitions by June 30, 2024.
ENDS
About ADT Security
With more than a century’s worth of experience and providing electronic security solutions to more than hundred thousand residential and commercial customers in Australasia, ADT Security is the Pacific’s largest electronic security company. ADT Security’s products include alarm systems and integrated security applications that link access control and CCTV. ADT Security Australia and New Zealand is now part of Intelligent Monitoring Group. For more information, visit www.adtsecurity.com.au or follow @ADTaustralia on Facebook.