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Avante Corp V.XX

Alternate Symbol(s):  ALXXF

Avante Corp. is a provider of security operatives and technology enabled security solutions. The Company's activities are conducted through its subsidiaries, Avante Security Inc, Avante International Inc., Avante Holding Corp., The TOYBOXX Inc. and North Star Support Group S.R.L. It provides security services for residential and condominium customers in Toronto and Muskoka, Ontario through the use of advanced technology and a focus on client service. Its business provides a complete offering ranging from system design, sales, installations, and monitoring to services such as alarm response and patrols, personal protection, house staff training, and secure transportation. It has a specialized skillset in security integration, monitoring and electronic building management. It also provides consulting and installation of automation and security solutions for the residential market. Its offerings include Rapid Alarm Response services, and Intelligent Perimeter Protection Video Analytics.


TSXV:XX - Post by User

Bullboard Posts
Post by Ernieandberton Sep 26, 2017 1:58pm
178 Views
Post# 26743526

Poor Margins under George

Poor Margins under GeorgeTrue George executed or papered some of these acquisitions but what he didn't do was integrate them at all.  Costs were not sucked out of these new businesses and synergies have yet to be achieved.  Increasing top-line growth through acquisitions is the easy part...integrating them by cutting costs so margins improve is the hard part.  Ebitda margins have been stuck at 10-12% for far too long.  Tough decisions on cost reductions  on each of these acquisitions needs to be executed to bring those margins up to their potential which is 20%.  How long has it been since they said they were going to combine their monitoring control rooms at ASI and INTO?  2yrs?  Insane.  And I know for a fact that there is a ton of fat on each of the acquisitions George has done that needs to be trimmed and will increase margins.  Now who is the best guy to do that??  
Bullboard Posts