ADT
Johnson Controls Building Solutions Business & FY 2024 Financials Examined
November 15th, 2024Mapping the Strategic Direction of Johnson Controls in Smart Buildings 2024
September 16th, 2024
What’s Behind Johnson Controls Move to Divest Residential & Light Commercial HVAC to Bosch?
This Research Note examines what’s behind Johnson Controls’ latest move to divest its residential and light commercial HVAC equipment business to the Bosch group. We review the transaction details and rationale in the context of JCI’s strategic transformation, before exploring other non-core divestments and our conclusions. Residential & Light Commercial HVAC Transaction Details On 23rd […]
What’s Behind the Sale of Johnson Controls Air Distribution Business?
Johnson Controls has announced plans to sell its Air Distribution Technologies business, which it acquired in 2014 for $1.6 billion, for an undisclosed amount to Los Angeles private equity firm Truelink Capital. The transaction is expected to close in the second half of 2024 and marks another step in a broad transformation of the pure-play […]
Influx of Capital from Private Equity Powers Smart Building Tech Space
This Research Note examines recent private equity backing of companies in the building technology space, with a focus on commercial real estate. We reviewed this topic in January 2022 in the context of growth in hybrid workplace technology. Since then, PE investors have continued to support software and technology-focused companies across the sector. There are […]
10 Notable Physical Security Acquisitions in 2023
This Research Note reviews physical security acquisitions in the commercial smart buildings space over the last 12 months. We highlight significant M&A transactions in video surveillance, access control, electronic locking, alarm monitoring, fire detection & suppression, and life safety systems. 3 major transactions in the physical security sector were completed in 2023 – Carrier divested […]
ADT Commercial Fire & Security Business & Financials Examined
In this Research Note, we examine the ADT Commercial fire and security business, based on their 2022 Results, investor presentations and strategy throughout 2022, updating our previous analysis. ADT is a US public company providing smart home, commercial security, and solar solutions serving residential, small business, and commercial customers in the United States. Total revenues […]
Mapping the Strategic Direction of ADT Security
In this research note, we map the strategic direction of US security alarms and monitoring services provider ADT. This analysis focuses on the acquisition, investment and partnership moves they have made in Smart Home, Mobility and Connectivity / Cyber Security. ADT Reported revenues of $5.3 billion in 2021, They met or exceeded guidance from the […]
ADT Commercial Fire and Security Business Examined
In this Research Note, we examine the ADT Commercial fire and security business, based on their 2021 Results, 1st March 2022 Investor Day presentation and strategy throughout 2021. ADT is the provider of security alarms and monitoring services for the smart home and small business sector in the United States. With revenues of $5.3 billion in 2021, ADT reports its […]
Robots for Guarding and Facility Management in Commercial Real Estate
Robotic technologies are changing the security landscape in commercial real estate. Two recent examples highlight the trend for incumbent players to partner with startups to maximize innovation and to ensure the effectiveness of this complementary technology in protecting the occupants of large facilities. ADT Commercial has recently established its own Innovation Lab based in Dallas, Texas […]