Our new report “The Physical Security Business in 2013” shows that M&A activity in the Security Industry has grown by a compound annual rate of 7% over the last 14 years but during this time it has peaked and declined 4 times culminating with its value decreasing by 48% during the last 2 years. External forces have influenced this cyclical pattern but in the last 2 years internal consolidation matters have had more impact. With this drop of 48%, the value of merger and acquisition deals in 2013 was approximately $5.0 billion. We identified 34 deals in 2013 compared with 56 in 2012. Whilst the number of deals and total value of acquisitions has fallen the average value of a deal has actually increased from $120m in 2011 to $147 million in 2013. There are 3 main reasons for this. The first is that the industry underwent a major restructuring during the period 2009 to […]