Security Systems News

MAY 2018

Security Systems News is a monthly business newspaper that reaches 25,100 security installers, product distributors, central stations, engineers & architects, and security consultants. Our editorial coverage focuses on breaking news in all major se

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LTE is the Future CHOOSE DMP AND MOVE YOUR BUSINESS FORWARD You need cellular technology that works best for the long term — that's why our LTE strategy relies on Cat-M1 technology that's locked in to give you 10 years of service. It also provides faster connect speeds and better penetration inside buildings. Longer lasting, better range, plus you'll save on every module. Choose DMP and move your business forward. Long lasting. Better range. We make your company more valuable. 877.725.1114 • Keep updated on our new products and features: @DMPAlarms Select Security closes on f ive separate acquisitions Nashville, Tenn.; Security Con- sultants in Memphis, Tenn.; and Alert Alarm Systems in Paducah, Ky. "We are always looking for well run companies that want to be part of Select Security, especially in our newest areas where we can build a denser customer base and create additional efficiencies and excitement. The Southeast has many companies that are highly regarded by their customers and community, and would fit well with our core values," Steve Fire- stone, president of Select Secu- rity, told Security Systems News. These acquisitions totaled about 6,000 accounts across the Southeast United States, bringing the company's total number of customers to more than 80,000. The acquired companies varied in their respective focuses, but the newly acquired customers are together about 50/50 between residential and commercial cus- tomers, according to Firestone. "Our total number of regional branch offices has reached 20, these acquisitions brought us offices in Nashville, Tenn., Mem- phis, Tenn., and Paducah, Ky.," Firestone said. "Our total number of employees now stands at 350 company wide, these purchases brought us around 50 employees and new positions." The recent- ly announced acquistions took place between October 2017 and February 2018, he said. "The pace of the closings wasn't surprising at all, we've always been an organization with an appetite to grow through acquisitions, and while we had to take a break for a f e w m o n t h s w h i l e w e digested the large Alarm- Force purchase that went through last summer, we once again have the capacity to continue our fast growth plans," said Firestone "We first entered Kentucky a couple of years ago with acquisi- tions in Bowling Green and the Louisville area, and have slowly added new branches over time. Our interest in the area has always been high, and once we completed our new credit facility, which has since been expanded again from $55M to $75M, we were able to accelerate our growth plans in the area," Fire- stone said. Patrick Egan, Select's founder and CEO, said in the announce- ment, "As we continue to accel- erate our presence in the region, the addition of good customers and great team members to our family play a key role in our suc- cess." Egan continued, "It has been an honor continuing to build on the community trust and reputa- tion that William Bastian (Ten- nessee Valley), Albert Barnes (Southern Security), Ben Hard- esty (Interactive Alarms), Cecil Hogan (Security Consultants), and Deborah and Jeffrey Brandon (Alert Alarms) created through their years of hard work and dedication, and we are proud to have many of them or their teams as part of our organization." Select Security, founded in 2003, offers integrated security and fire alarms, video surveil- lance, access control, along with home security, life safety and home automation systems. The company has multiple local offices across Tennessee, Kentucky, Alabama, Georgia, Florida, Pennsylvania, Ohio, Maryland, Virginia, Minnesota, West Virginia, Texas, New Mex- ico, North Carolina, and South Carolina. SSN Continued from page 1 Company gains a total of about 6,000 accounts in the Southeast, including in Kentucky, Tennessee and Alabama Steve Firestone may 2018 SECURIT y S y STE m S NEWS Residential s ystems 22

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