Select Security to acquire AlarmForce’s US subscribers

1 month 1 week ago
Select to nearly double, gaining 28,000 accounts in $11.6 million deal Spencer Ives Thursday, June 15, 2017

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.

Select Security announces acquisition

1 month 1 week ago
SSN Staff Monday, June 12, 2017

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.”

Per Mar acquires Southlake Security

1 month 2 weeks ago
Company gains 1,800 accounts in its latest purchase Spencer Ives Tuesday, June 6, 2017

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.

Vector Security acquires Guardian Force Security Services

1 month 3 weeks ago
Acquisition expands company’s presence in the Gulf Region SSN Staff Friday, June 2, 2017

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.

Launch Security looks for cybersecurity to take off

1 month 3 weeks ago
SSN ‘20 under 40’ winner Rob Simopoulos starts new company in Maine Paul Ragusa Wednesday, May 31, 2017

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.

G4S looks to reestablish itself

1 month 3 weeks ago
Company much more than just a manned guarding company, CEO says Paul Ragusa Wednesday, May 31, 2017

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.

Fortress Security secures $2m in funding

2 months 1 day ago
Capital will help drive continued growth of business and RMR, CEO says Paul Ragusa Wednesday, May 24, 2017

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.”

American Alarm purchases Security Design Consultants

2 months 1 day ago
Following the acquisition, SDC employees joined American Alarm Spencer Ives Wednesday, May 24, 2017

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.

PSA Security Network moving dates, location for TEC 2018

2 months 1 day ago
Conference relocating to downtown Denver during ski season Paul Ragusa Wednesday, May 24, 2017

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.

Huronia acquires in Ontario

2 months 6 days ago
Company expands its account base, gains a redundant central station Spencer Ives Friday, May 19, 2017

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.

Security 101 adds new location

2 months 1 week ago
Franchise model a success; national company going global Paul Ragusa Monday, May 8, 2017

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.

Securitas Electronic Security unveils new HQ facility

2 months 1 week ago
Parent company, Securitas, extends footprint in Mexico with acquisition Paul Ragusa Wednesday, May 3, 2017

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.

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