SSI logo

Alarm Detection Systems Adds $80K in RMR With Latest Buy

Alarm Detection Systems (ADS), based here, has added 2,000 residential and commercial accounts with the acquisition of Libertyville, Ill.-based Norshore Alarm Company.




AURORA, Ill.Alarm Detection Systems (ADS), based here, has added 2,000 residential and commercial accounts with the acquisition of Libertyville, Ill.-based Norshore Alarm Company. Terms of the deal were not released.

ADS’ purchase of Norshore Alarm Company brings nearly $80,000 in recurring monthly revenue (RMR) and adds six employees to ADS’ roster, including two salespeople and four technicians. Additionally, the deal allows ADS to expand its footprint in the northeastern Illinois, company vice president and CFO Terry Olah tells SSI.

“We already had a strong account base throughout the Norshore market area,” he says. “That made Norshore’s customers a great fit and a welcome addition to our company. We will be keeping an office in the area, and we look forward to building an even greater density through Norshore’s market area.”

Founded more than 40 years ago, ADS provides intrusion detection, fire safety and other security and monitored services to more than 27,000 subscribers. As a result of the merger, ADS will offer its new customers with a broader array of products and services, such as remote management capabilities for alarm systems and remote video services.

Vertex Capital facilitated the acquisition.


Article Topics
Business Management · News · Acquisitions · Alarm Detection Systems ADS · Industry News · Norshore Alarm Company · All Topics
Acquisitions, Alarm Detection Systems ADS, Industry News, Norshore Alarm Company


PSA Cybersecurity Congress
Latest Download
How to transition your business to an as-a-service model, and why it's beneficial…
Sammy Awards
Trending


SPONSORED LINKS


Don't miss out! Subscribe to Security Sales & Integration magazine today. - Security Sales & Integration

EDITOR'S CHOICE