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ADS Security Expands Customer Base in Ga. With Latest Acquisition

With its acquisition of full service electronic firm Security Services, ADS Security (ADS) has added 1,000 accounts to its customer base.



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NASHVILLE, Tenn. — With its acquisition of full service electronic firm Security Services, ADS Security (ADS) has added 1,000 accounts to its customer base. Terms of the deal were not released.

Established in 2001, Savannah, Ga.-based Security Services provides burglar and fire alarms, video surveillance, intercommunication systems and telephone entry systems to an 80% residential, 20% commercial customer base. For ADS, which is actively seeking integration companies to acquire throughout the Southeast, Security Services fit right into the firm’s customer-centric culture, according to ADS Vice President and Controller Patrick Ritter.

“Billy Rauers [owner of Security Services] has been a friendly and well respected competitor of ours for a long time in the Savannah market and we are fortunate to now be working side by side with him at ADS,” he tells SSI. “He has a good, seasoned customer base with low attrition. He’s a great business owner that really knows the local Savannah market.”

Rauers and the rest of the Security Services team will remain with ADS and will work out of the firm’s Savannah operations. Ritter says that ADS prefers to keep the acquired company’s work force, as they are already familiar with the clients and installed security systems.

“It makes for a much easier and seamless transition when the owner and the other employees join the ADS team,” he explains.

Although Ritter declined to say how much recurring monthly revenue (RMR) the deal brings in for ADS, he mentioned that new customers will benefit from ADS’ advanced suite of security services, including mobile management and home automation technologies. Additionally, Security Services customers will have access to ADS’ UL-listed, CSAA Five Diamond monitoring center, and the My ADS online customer portal with simple account management and bill pay.

In May, ADS increased its footprint in Tennessee with the purchase of CrimeWatch Security. With Security Services being the firm’s second acquisition in 2013, ADS has no plans of slowing down expanding its operations. In the coming months, it will open a new location in the Carolinas along with plans to close three more deals by the end of the year.

 


Article Topics
Business Management · News · Acquisitions · ADS Security · Industry News · Patrick Ritter · Security Services Inc. · All Topics

About the Author
Ashley Willis
Ashley joined SECURITY SALES & INTEGRATION in 2010. She has worked on many trade publications, including Auto Rental News, Business Fleet, Automotive Fleet, Work Truck and Government Fleet, to name a few. She earned her undergraduate degree in English with an emphasis on education from California State University, Northridge (CSUN). Based in California, she is also the Web Editor for Campus Safety magazine.
Contact Ashley Willis: awillis@ehpub.com
View More by Ashley Willis
Acquisitions, ADS Security, Industry News, Patrick Ritter, Security Services Inc.


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