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Devcon Completes Purchase of Adelphia Communications Corporation Electronic Security Services Assets.

Publication: PR Newswire
Publication Date: 01-MAR-05
Format: Online - approximately 586 words
Delivery: Immediate Online Access

Article Excerpt
DEERFIELD BEACH, Fla., March 1 /PRNewswire/ -- Devcon International Corp. today announced that, through Devcon Security Services Corp. (DSS), one of its indirect wholly owned subsidiaries, it completed the acquisition of certain net assets of the electronic security services operation of Adelphia Communications Corporation for $40.2 million in cash based substantially upon estimated contractually recurring monthly revenue of approximately $1.15 million.

The electronic security services operation assets acquired include a modern, full-service monitoring center located in Naples, Florida, from which more than 57,000 subscribers' homes and businesses...

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