www.ushalonbank.com   1.800.433.1751                                   January 2018 - Vol 3, Issue 11
Special Aviation Edition
New CEO and President for Amerex
Young Girl Stops House Fire with Extinguisher
Johnson Controls Shareholders Think Molinaroli Received Too Much Compensation
2017 Was Safest Year for Flying Ever
Johnson Controls Ratings Upgraded to Stable
UTC Agrees to Pay $1.06M for Pentagon Claim Regarding Substandard Microprocessors
Iranian Oil Tanker Burns, Sinks in East China Sea
Software Glitch Leads to Sprinkler System Shut-Down in Kentucky Tunnel
Johnson Controls Introduces Extended Coverage Horizontal Sprinkler
Incentives for Fire Sprinkler Installation in Tax Reform Bill
Fire at Data Center of Electric Company in The Philippines
Most Popular Stories from 2017
Mergers and Acquisitions
Studies and Reports
Join Our Mailing List!
New CEO and President for Amerex
Harrison Bishop Source: Mac Logue
Larry Whitehead is CEO of Amerex.


By Stephanie Rebman, Managing Editor
Birmingham Business Journal

Trussville's Amerex Corp. has several new leaders paving the way for the beginning of 2018.

Larry Whitehead, who has served in a variety of capacities within McWane Inc., has been appointed chief executive officer of the company that produces more than 3 million industrial and commercial fire extinguishers and fire suppression systems yearly.

While with McWane, he was president of president of Manchester Tank & Equipment Company for nine years and CEO for four.

Alongside Whitehead will be Harrison Bishop, who began his role as Amerex president on Jan. 1.

Bishop is a former president with The Solberg Companies. In addition to his responsibilities at Solberg, he was on the Amerex executive committee as vice president, strategic initiatives. Prior to his roles in the fire suppression industry, Bishop practiced law for more than a decade, focusing on mergers, acquisitions and general corporate law as a partner at Maynard Cooper and Gale PC.

Check out the whole story here.

aviationSpecial Aviation Edition
FAA's International Aircraft System Fire Protection Working Group Presentations
In case you missed it, check out the presentations from the FAA's International Aircraft System Fire Protection Working Group's Conference in Atlantic City, NJ In November 2017.

Young Girl Stops House Fire with Extinguisher

By Bradford Arick

SANDYVILLE, W.Va. -- We've seen how quickly flames can destroy lives. But for 8-year-old Kendra Angus, she was determined that wasn't going to happen.

"She looked there, and the smoke was coming from there," Kendra Angus explained.

She said she was playing at a friend's house Sunday when smoke alarms started going off. They saw it was coming from the back of the home, and that's when Kendra grabbed a fire extinguisher.

Read the full story here.
Johnson Controls Shareholders Think Molinaroli Received Too Much Compensation
Former Johnson Controls Inc. chairman and CEO Alex Molinaroli Source: Johnson Controls

By Patrick Leary, Reporter
Milwaukee Business Journal

In its 2018 proxy statement, Johnson Controls International said that its shareholders have told the company that former chairman and CEO Alex Molinaroli's $63 million golden parachute was "excessive."

The filing, published Dec. 28, said that Johnson Controls received "clear feedback and concern" from shareholders about "pay for performance alignment" in three areas. One of those areas was "legacy change in control agreements," which director of global media relations Fraser Engerman said "primarily" referred to Molinaroli's compensation.

Read the full story here.
2017 Was Safest Year for Flying Ever

By Jon Ostrower

By nearly all measures, flying in 2017 was safer than ever.

Last year, there were 10 fatal commercial passenger and cargo air crashes that killed 44 passengers and crew members. That compares favorably to the five-year average of 17 crashes with 495 deaths, according to the Aviation Safety Network (ASN), which tracks aviation incidents and accidents.

Remarkably, no jet-powered commercial passenger jets crashed in 2017. The deaths recorded last year were all from cargo planes or smaller propeller-driven passenger aircraft. Monday marked 399 days since the last fatal passenger jet airliner accident, according to the network. That crash in November 2016 killed 71 of the 77 people aboard, including most of the Brazilian Chapecoense football team. The jet ran out of fuel when it was attempting to land in Colombia.

Read the whole story here.
Johnson Controls Ratings Upgraded to Stable

Global Credit Research
Moody's Investors Service

New York -- Moody's Investors Service has changed the outlook for Johnson Controls International plc's and Tyco International Holding S.a.r.l's ratings to negative from stable, and affirmed all ratings including JCI plc's and TSARL's Baa1 senior unsecured and Prime-2 short-term ratings.

Moody's changed the outlook to negative in anticipation of continued weak free cash flow generation through 2018, which will restrict deleveraging opportunities over the next year.

"Johnson Controls has experienced significant difficulties since the Tyco merger," said David Berge, Senior Vice President and Moody's lead analyst for the company. "Absent clear near-term progress towards the operating performance expected with the merger, with clear evidence of cost-effective merger implementation and improving margins, downward pressure on the long term rating will build."

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UTC Agrees to Pay $1.06M for Pentagon Claim Regarding Substandard Microprocessors
Government investigators said suspect Chinese electronics were found in control systems in similar aircraft to the one above, a U.S. Army OH-58D Kiowa Warrior helicopter. (AFP/Getty Images)

By Edmund H. Mahony, Contact Reporter
Hartford Courant

United Technologies Corp. has agreed to pay $1.06 million to settle a Pentagon claim that an electronics subcontractor it briefly owned allowed substandard computer chips to be installed in military helicopter control systems.

The U.S. Attorney's office, which negotiated the settlement, said the former Goodrich Corp.'s pump and engine control systems division in West Hartford, briefly a UTC acquisition, installed counterfeit microprocessors it bought from a Rhode Island distributor in Rolls Royce helicopter engines.

Read the rest of this article here.
Iranian Oil Tanker Burns, Sinks in East China Sea
In this Sunday, Jan. 14, 2018 photo, provided by China's Ministry of Transport, a rescue ship sails near the burning Iranian oil tanker Sanchi in the East China Sea off the eastern coast of China.(Ministry of Transport via AP)

By The Associated Press

BEIJING -- Several oil slicks have been found in waters around a sunken Iranian tanker ship in the East China Sea in a spill that is growing and whose potentially major impact on the marine environment is still being assessed.

The State Oceanic Administration said oil slicks around the site of the sunken ship are growing much larger each day. The Sanchi sunk after burning for more than a week following a collision with a Hong Kong-registered tanker. All 32 members of its crew - 30 Iranians and two Bangladeshis - are believed dead.

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Software Glitch Leads to Sprinkler System Shut-Down in Kentucky Tunnel

By Marcus Green

LOUISVILLE, Ky. -- A computer malfunction resulted in unknown damage to a system designed to extinguish and put out fires in a 1,700-foot-long highway tunnel leading to the Lewis and Clark Bridge near Prospect, Kentucky officials said.

Vehicles carrying hazardous materials will be banned from the tunnel.

The fire safety equipment was damaged after a false fire alarm in the tunnel on December 29, according to a Kentucky Transportation Cabinet timeline. The system's software didn't notify tunnel operators that a water pump had been shut down when the alarm sounded, spokeswoman Andrea Clifford said.

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Johnson Controls Introduces Extended Coverage Horizontal Sprinkler

By Phil Martin, Digital Editor
Asia Pacific Fire

Johnson Controls has announced the new Tyco® RFIII Extended Coverage Horizontal Sidewall Sprinkler. This 8.0 K-factor sprinkler is rated for light hazard occupancies and designed to provide protection for coverage areas up to 16 feet by 24 feet (4,9 metres by 7,3 metres) and 18 feet by 22 feet (5,9 metres by 6,7 metres).

The RFIII features a unique flat cover that conceals the sprinkler within the wall, making it an ideal choice for architecturally sensitive installations, such as hotel rooms, reception areas, banquet facilities, conference rooms and hospitals. In addition to a clean look, the sprinkler's flat profile helps prevent damage and interruption from accidental activations caused by objects being hung from or striking the sprinkler. The cover plate assembly is available in a variety of standard colours, as well as factory-painted custom colours for a seamless, discreet design option.

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superjetSuperjet 100 to get Russian Made Fire Suppression System
Russia's Technodinamika Holding got the contract for designing a fire protection system for Sukhoi Superjet 100 (Fyodor Borisov/ Transport-Photo.com)

By Russian Aviation Insider

Sukhoi Superjet 100 (SSJ100) will get a new fire protection system designed by Technodinamika Holding, a part of Russia's industrial giant Rostec.

"We've got a contract with Sukhoi Civil Aircraft (SCAC) in place for design and delivery of a fire protection system for SSJ100", the holding's director Igor Nasenkov explained.  "We have committed to start serial deliveries from 2019. The system is being designed right now."

He also added that certification of fire protection system for another new generation Russian aircraft, the MC-21 is slated for next year. Initially it was expected to complete before the end of this year.

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isaAlign Capital Acquires Kentucky's International Systems of America

By Jeremy Nobile
Crain's Cleveland Business

Align Capital Partners has acquired Kentucky-based International Systems of America LLC, a fire and life safety company, from Tennessee private equity firm Gen Cap America.

Terms of the deal, which gave Align a majority stake in the company following a recapitalization, were not disclosed.

Headquartered in Louisville and doing business as ISA Fire and Security, ISA provides fire and life safety services across the country, including installing and maintaining fire safety systems. A large part of its client base is with national property managers.

Finish reading this story here.
FLSABluepoint Acquires Georgia's Integrated Fire Protection

Bluepoint Capital Partners

CHARLOTTE, NC -- Blue Point Capital Partners and its Blue Point III portfolio company, Fire and Life Safety America, announced the acquisition of Integrated Fire Protection, a service-focused provider of fire and life safety solutions, headquartered in Norcross, Georgia.

This transaction represents the first add-on acquisition for FLSA since Blue Point acquired the platform investment in February 2017.

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honeywellHoneywell Acquires Milan's Scame Sistemi

By PR Newswire
Yahoo! Finance

ATLANTA -- Honeywell announced it has acquired privately held SCAME Sistemi, s.r.l., adding new fire and gas safety capabilities to Honeywell's industry-leading portfolio of Connected Building solutions. SCAME is a leading provider of all-in-one systems that deliver management of fire and gas detection, and fire extinguishing systems, from a single interface and supervisory software platform.

When combined with Honeywell's wide-ranging fire and gas product portfolio, SCAME's industrial controllers and management systems will provide powerful integrated solutions for customers. Installers and operators will benefit from seamless integration that provides access to critical information, alerts and control. Honeywell's acquisition of SCAME will create new opportunities to deploy SCAME's products worldwide, helping make industrial sites around the globe safer and more secure.

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potterGryphon Investors Acquires Potter Electric Signal

By SSI Staff
SecuritySales & Integration

Potter Electric, a venerable brand in the fire/life-safety marketplace, was previously held by Two Rivers Associates and Dobbs Management Service.

ST. LOUIS -- Gryphon Investors, a San Francisco-based private equity firm, has acquired Potter Electric Signal Co. following an undisclosed majority investment in the manufacturer of fire/life-safety products.

Potter, based here, was held by private shareholders, including Two Rivers Associates and Dobbs Management Service. Founded in 1898, the company designs and manufactures sprinkler monitoring products, fire systems and security solutions for use in commercial, industrial, multifamily and residential buildings.

Read the full story by clicking here.
acousticThe Acoustic Impact on HDD's Risk Management Measures

By Alan Elder
The Stack

Alan Elder, Tyco fellow, Tyco Fire Protection Products, looks at the research conducted on the impact of acoustics on HDDs and risk mitigation measures

Data centers are relied upon to store and distribute valuable information for customers across many industries, from the investment banking to the healthcare sector.

This valuable information is primarily stored on hard disk drives (HDDs). Industry demands that data centers remain functional 24 hours a day, 7 days a week, 365 days a year, and downtime can damage the reputation of a data center or even a business, resulting in the loss of customer trust and subsequent business.

Read the full article here.
lithiumVermiculite Formula Tested on Lithium Battery Fires
A reserve capacity (RC) battery bursts into flames near a cinder block. Explorer Group Photo

By Lisa Gordon

It was rather like watching a pot of water coming to a boil, but when the cell phone finally ignited, the violence of the fire was unmistakable.

By the time the scorching, smoky blaze had been extinguished by an airport firefighter, there was nothing left of the hapless electronic device.

The controlled experiment took place on Dec. 8 at Pearson Airport's Fire and Emergency Services Training Institute (FESTI), where media and other industry representatives were invited to see the demonstration of a new product that developers say will change firefighting protocols on board aircraft.

Read the rest of the story by clicking here.
Incentives for Fire Sprinkler Installation in Tax Reform Bill

By Fred Durso
NFPA Xchange

NFPA praises the recent passage of the Tax Cuts and Jobs Act, which offers significant incentives for fire sprinkler installation.

"Our research time and again stresses the life-saving importance of fire sprinkler protection," says NFPA President Jim Pauley. "The financial incentives allowed by this act will undoubtedly lead to safer establishments throughout the U.S."

Under the new act, small businesses can expense building improvement purchases tied to fire protection systems, including fire sprinkler retrofits, up to $1 million in each year of the expense. Moreover, sprinkler installations in commercial settings and other larger buildings can be fully expensed until 2022. After 2022, the amount allowed to be expensed gradually declines. Retrofits for residential high-rises owned by a business would qualify for the incentive.

Read the rest of this story here.

Fire at Data Center of Electric Company in The Philippines

SunStar Davao

Fire hit the Data Center of the Davao Light and Power Company Inc. at its administration office along C. Bangoy Street (Ponciano Reyes) in Davao City around 9 a.m. of January 7.

Although the fire was put out at 10:30 a.m., Davao Light said this will affect its customer service, as it will have to rebuild its data operations. Customer payments will be done manually at the moment.

Read the full story here.

summitSummit Companies Established in Arizona by Acquiring Alliance

By Summit Companies
PR Newswire

Summit Companies Has Completed Six Add-On Acquisitions Under CI Capital's Ownership

ST. PAUL, Minn. -- Summit Companies, a leading fire and life safety service and installation company, announced that it has completed the acquisition of Arizona-based Alliance Fire Protection Co. and Alliance Fire Protection Special Systems, Inc., establishing a new region for the company in Arizona. Summit Companies is owned by management and CI Capital Partners. Terms of the transaction were not disclosed.

Alliance designs, engineers and installs commercial, industrial and multi-family residential fire protection systems for new construction projects and renovations, and provides ongoing maintenance and inspection services of these systems. Alliance was founded in 1981 and is based in Tempe, Arizona. Alliance is the sixth add-on acquisition completed since CI Capital invested in the company in September 2017 and Summit Companies' first add-on acquisition outside of its core Midwestern geography. Summit Companies is pursuing additional add-on acquisitions in other regions of the United States.

Read the full story here.
Most Popular Stories from 2017
There were so many great stories that we highlighted in 2017 that it was hard to just pick a few. So here are the top 20 most read stories in the Halon Herald in 2017: 

If you have any questions, comments, would like to be featured in a future Halon Herald, or would like to be added to our mailing list for this newsletter, please contact Kari Buser at