Johnnson Control’s offer to acquire Tyco International has been accepted by the Tyco board. However it is not yet a done deal. The premium being offered by Johnson Controls looks reasonable but will it attract other companies to step in with a better offer for the Tyco shareholders? In our New Report on the Security Industry we identified Tyco as one of 50 potential physical security acquisition targets. For a few years now they have been busy buying up some attractive companies and strengthening their portfolio. Our analysis of M&A valuation in the physical security market from 2005 to 2015 shows the average valuation received over the last 11 years benchmarked by EBITDA and Revenue Exit Multiple have varied wildly depending on size and leading technology; Specific areas having high growth rates. In 2014 Google Inc (Nest Labs) paid a revenue multiple of 10 for Dropcam a relatively small video network camera manufacturer and Carlyle […]