LANCASTER, Pa.—Select Security, a super-regional alarm company based here, on June 14 entered into an agreement to buy the U.S. subscriber base of AlarmForce, a Toronto-based company, which will maintain its Canadian business.
Select Security will gain about 28,000 accounts, bringing the company’s total to nearly 60,000. The deal is expected to close on or around June 23. AlarmForce announced that the total consideration was $11.6 million.
LANCASTER, Pa.—Select Security, a super-regional security company based here, on June 12 announced its acquisition of Intelligent Technology Inc. and Carolina Security Group, based in Charlotte, N.C.
“This acquisition brings us significant customer growth in one of our newest branch territories, one that is quickly growing and has the potential to soon become one of our largest branch offices,” Select Security president Steve Firestone, said in a prepared statement. “In addition to the customers, we also gained a highly talented group of account executives and technicians who are a great addition to our local team.”
DAVENPORT, Iowa—Per Mar Security Services, a full-service security company based here, on June 1 announced its acquisition of Southlake Security, based in Griffith, Ind.
“We had quite a few customers in the area, but nothing like they had. So, this will make a huge difference to our presence to the … Northwest part of Indiana,” Brian Duffy, president of Per Mar Security Services’ electronic security division, told Security Systems News. Southlake Security’s office is situated about halfway between Per Mar’s locations in South Bend, Ind., and Rockford, Ill., he said.
PITTSBURGH—Vector Security Inc., an integrator of intelligent physical security and home automation solutions, has acquired Guardian Force Security Services LLC, a provider of professional security services in Southeast and East Texas, with locations in Nederland and Lufkin.
The acquisition expands Vector Security’s presence in the Gulf District, which already includes branches in Dallas as well as in Shreveport and Baton Rouge, Louisiana.
PORTLAND, Maine—Security Systems News’ “20 under 40” winner from the integrator class of 2015, Rob Simopoulos, along with company partner Andrew Rinaldi, formed Launch Security here last month with the idea of helping organizations improve their overall cybersecurity posture.
JUPITER, Fla.—G4S, a global, full-service security company with North America headquarters based here, continues to reestablish itself as more than just one of the largest security guard providers in the world, according to G4S North America CEO John Kenning.
“We have a very strong brand recognition and awareness in the marketplace as being one of the largest and leading security providers in the world, but when people think of us, they think security officers,” Kenning told Security Systems News, noting that the company has more than 9,000 customers in North America, including 200 offices, and approximately 60,000 employees.
DALLAS, Texas—Fortress Security, a full-service residential and commercial security system company based here, announced that it has secured funding worth up to $2 million, which will be used to expand the company, according to CEO Jerrod Smith.
“The primary focus with the funding is almost exclusively to drive RMR growth,” Smith told Security Systems News. “That is our business model, so we will be bringing on new accounts—both commercial and residential—to increase our recurring revenue overall.”
ARLINGTON, Mass.—American Alarm & Communications, a full-service security company based here, this week announced the acquisition of Security Design Consultants, based in Westwood, Mass.
The transaction was finalized on April 28. SDC's account base is about 80 percent residential and 20 percent commercial; American Alarm's base is about 50-50, according to Louis Sampson, American Alarm's COO and co-owner.
WESTMINSTER, Colo.—PSA Security Network, a global electronic security cooperative, announced that its PSA TEC conference is moving to the Downtown Denver Sheraton in 2018, from March 11-15.
The annual conference, which was created in support of PSA’s integrators, vendors and members—including ProAV professionals following the recent acquisition of USAV—was held here for several years at the Westminster Westin in the May timeframe.
MIDLAND, Ontario—Huronia Alarm & Fire Security Inc., a full service security company based here, announced on May 10 the largest acquisition in its history, purchasing Peerless Security & Muskoka Fire Protection Services Limited. The deal adds 2,000 accounts to Huronia’s existing base of 6,000 accounts.
“Peerless has been the largest deal we have done to date,” Rob Thorburn, Jr., Huronia’s president and CEO, told Security Systems News. Both companies have a similar account demographic; 60 percent residential and 40 percent commercial. The deal was finalized on March 31, Thorburn said; he declined to release financial terms of the deal.
WEST PALM BEACH, Fla.—Security 101, a franchise-model commercial security company based here, recently added a franchise location in Philadelphia, giving the company 37 in total.
UNIONTOWN, Ohio—Securitas Electronic Security Inc. (SES) unveiled its new headquarters here on April 21 during a ribbon-cutting ceremony and open house that included more than 100 guests, from community leaders and special dignitaries to business partners and SES customers. SES is part of Securitas, which announced this week the acquisition of an electronic security services company in Mexico from Diebold Nixdorf Inc.