Chubb Fire & Security

{{Infobox company

| name = Chubb Fire & Security

| logo = ChubbFS APIG 2022.svg

| logo_size = 175px

| type = Subsidiary

| foundation = {{start date and age|1818}}

| founders = {{ubl|Charles Chubb|Jeremiah Chubb}}

| hq_location = Blackburn, England

| key_people = Andrew White, CEO
Brendan McNulty, VP Europe
KT Yiu, VP Asia Pacific

| industry = Asset Protection
Life Safety

| products =

| locations =

| area_served = {{Unbulleted list|Austria|Australia|Belgium|Canada|China|France|Germany|Hongkong|India|Ireland|Netherlands|New Zealand|Singapore|Spain|Switzerland|United Kingdom}}

| services =

| revenue =

| operating_income =

| net_income =

| aum =

| assets =

| equity =

| owner =

| num_employees = 12,000+ (2023)

| parent = APi Group Corporation

| divisions =

| subsid = Security Monitoring Centre

| homepage = [https://chubbfs.com/worldwide-en/ chubbfs.com]

| footnotes =

| intl =

}}

Chubb Fire & Security is a British multinational company that provides property protection and life safety equipment and services, including fire protection and security systems. It has been a subsidiary of APi Group Corporation since January 2022.

History

Image:Sunbury High Rise Building - panoramio (1).jpg]]

The company was founded by Charles and Jeremiah Chubb, who patented their Chubb detector lock in 1818. The company won a government competition for a lock which could not be opened other than by its own key.{{cite web |url=http://www.localhistory.scit.wlv.ac.uk/Museum/locks/gazetteer/chubbs.htm |title=A Gazetteer of Lock and Key Makers |last=Evans |first=Jim |date=2002 |website=Local History, University of Wolverhampton |url-status=dead |archive-url=https://web.archive.org/web/20081208101713/http://www.localhistory.scit.wlv.ac.uk/Museum/locks/gazetteer/chubbs.htm |archive-date=8 December 2008}}

In 1835, the company produced its first Chubb safe at its factory in Wolverhampton, UK and, in the second half of the 19th century, the company expanded into the United States, and produced a time lock that was fitted to bank vaults across the country.{{cite news |url=http://www.uniglobalunion.org/unipropertyn.nsf/648580fa19eddb1ac12571e100421e66/21951cdfcb74590bc12571a7004de844?OpenDocument |title=Chubb's safe blown wide open but will there be anything left inside? |date=23 April 2003 |newspaper=Financial Times |via=UNI Global Union}}{{dead link|date=August 2017 |bot=InternetArchiveBot |fix-attempted=yes}} In the 1800s, Chubb gained some important customers such as the Duke of Wellington and the Bank of England.{{cite web |url=http://www.clcsltd.co.uk/history.htm |title=The History of Chubb Locks Custodial Services |date=10 January 2006 |website=Chubb Locks Custodial |url-status=dead |archive-url=https://web.archive.org/web/20080908022809/http://www.clcsltd.co.uk/history.htm |archive-date=8 September 2008}}

Over the next one hundred years, the company turned out more than 2.5m locks. By the 1940s, Chubb expanded its operations in 17 countries. From being a single company manufacturing specialized security products it turned into a broad-based group of companies covering not only many aspects of security but fire protection as well.{{cite web |url=https://www.chubbfiresecurity.com/en/worldwide/media/CFS1713%20Chubb%20History_tcm424-41920.pdf |title=Chubb – Centuries of Innovation |website=Chubb |access-date=2020-05-31}}

The company went on to acquire a number of rival firms including Chatwood-Milner Ltd. (1958), Burgot Alarms Ltd and Rely-a-Bell (1962), Read and Campbell Limited (1964), Josiah Parkes and Sons Ltd. (1965) and The Pyrene Company Limited (1967).{{cite web |url=http://chubbarchive.pwp.blueyonder.co.uk/page8.html |title=Early Sales History / Office Locations / The Chubb Group / Last 25 Years |website=Chubb Archive |access-date=2011-12-21 |url-status=dead |archiveurl=https://web.archive.org/web/20120402124445/http://chubbarchive.pwp.blueyonder.co.uk/page8.html |archivedate=2012-04-02}} It was bought by Racal Electronics in August 1984, from which it was demerged in September 1992, before being acquired by Williams Holdings in February 1997.{{cite news |url=https://query.nytimes.com/gst/fullpage.html?res=9E04E7D8123FF936A25751C0A961958260 |title=Williams of Britain to buy Chubb Security |date=15 February 1997 |newspaper=The New York Times}} as the latter company sought to build a security-focused conglomerate. Chubb was again demerged in July 2000.

File:Chubb Fire & Security Van (2022).jpg

In August 2000, Chubb sold Chubb Locks, its lock and safe making unit, to Assa Abloy, and concentrated on security systems such as door access and CCTV systems.{{cite news |url=https://www.independent.co.uk/news/business/news/troubled-chubb-agrees-ps622m-utc-takeover-108493.html |title=Troubled Chubb agrees £622m UTC takeover |last=Shah |first=Saeed |date=12 June 2003 |newspaper=The Independent}} In May 2002, Chubb held intensive acquisitions talks with Sweden-based Securitas AB, the world's biggest security services business. After 18 months of negotiations,{{cite web |url=http://news.bbc.co.uk/2/low/business/1984699.stm |title=Securitas halts Chubb merger |date=13 May 2002 |website=BBC News}} the talks were called off on the grounds that the deal would not be "financially attractive" to either company's shareholders.{{cite news |url=https://www.telegraph.co.uk/finance/2762519/Chubb-slips-as-Securitas-calls-off-acquisition-talks.html |title=Chubb slips as Securitas calls off acquisition talks |last=Goodley |first=Simon |date=14 May 2002 |newspaper=The Daily Telegraph}}

In Australia, Chubb Security bought MSS Security in 1996,{{cite press release |url=https://www.accc.gov.au/media-release/accc-to-allow-chubbs-acquisition-of-mss |title=ACCC to allow Chubb's acquisition of M.S.S. |website=Australian Competition & Consumer Commission |date=June 18, 1996 |access-date=October 13, 2020}} but then sold it to SIS Limited in 2008.{{cite news |url=https://www.business-standard.com/company/security-intel-37791/information/company-history |title=Security & Intelligence Services India Ltd. |newspaper=Business Standard India |location=Delhi, India |access-date=October 13, 2020}}{{Cite web |url=https://msssecurity.com.au/about-us/ |title=About Us |website=MSS Security}}

Image:Chubb balloon arp.jpg]]

In April 2003, Chubb was acquired for £622m by United Technologies Corporation.{{cite news |url=http://www.uniglobalunion.org/unipropertyn.nsf/648580fa19eddb1ac12571e100421e66/21951cdfcb74590bc12571a7004de844?OpenDocument |title=United Technologies of US is in talks on £1bn takeover of Chubb |date=21 April 2003 |newspaper=Financial Times |via=UNI Global Union}}{{dead link|date=August 2017 |bot=InternetArchiveBot |fix-attempted=yes}} In March 2007, UTC bought Initial Fire and Security, the security arm of Rentokil Initial and proceeded to merge the business and its assets with Chubb in UTC Climate, Controls & Security. In December 2013, Chubb's Australian cash in transit business was sold to Prosegur.{{cite web |url=http://www.reuters.com/finance/stocks/PSG.MC/key-developments/article/2887594 |title=Prosegur Compania de Seguridad SA through subsidiary acquires Chubb Security Services Pty Limited |date=16 December 2013 |website=Reuters |url-status=dead |archive-url=https://web.archive.org/web/20131216141412/http://www.reuters.com/finance/stocks/PSG.MC/key-developments/article/2887594 |archive-date=2013-12-16}}

In 2020, Chubb was spun off with the rest of UTC Climate, Controls & Security into a separate company, Carrier Global.

On 3 January 2022 it was announced that Carrier Global had sold the business to APi Group Corporation for US$ 3.1 billion.{{cite web |url=https://www.businesswire.com/news/home/20220103005355/en/APi-Group-Completes-Acquisition-of-Chubb-Fire-Security-Business# |title=APi Group Completes Acquisition of Chubb Fire & Security Business |website=Business Wire |access-date=11 January 2022 |date=3 January 2022}}