Big news in the Canadian security industry. BCE (Bell Canada Enterprises) has purchased AlarmForce, one of Canada’s largest home security providers. The deal was announced November 6th. BCE paid $16 per share, $166 million dollars. This is 71% over where AlarmForce was trading before the deal was announced.
The deal is expected to close in January.
AlarmForce was founded by Joel Matlin in 1988. The company at its height had over 130,000 customers. 30,000 customers were sold to Select Security earlier this year. It is unknown if BCE will keep the AlarmForce name or rebrand.
Will the company become Bell Security? Maybe Bell Smart Home Monitoring? What does this mean for AlarmForce customers? How will this affect them in regards to service and price? We will be diving deeper into this in future posts. In the meantime you can read about the deal here: http://bit.ly/2AijkiK