NEWTOWN SQUARE, Pa. — Alarm Capital Alliance (ACA) has acquired Hawk Security Services’ residential division from Interface Security Systems (ISS) for an undisclosed amount.
As part of the deal, ACA will assume more than 27,000 residential customers in Texas bringing its total served to more than 170,000 customers nationwide.
Started in the mid-1980s, Dallas-based Hawk Security specializes in access control, fire detection, intrusion detection, life safety and managed IP networked applications for residential, commercial and industrial markets. The company will be branded “Hawk Security, a member of My Alarm Center,” which is ACA’s direct-to-consumer umbrella name.
ACA will also maintain Hawk Security’s branch offices in Dallas/Fort Worth and San Antonio. Additionally, Hawk Security staff members will stay on with the firm, including Mike Shirley, previously a regional vice president who will now serve as vice president and general manager.
“We have had a presence in the Texas market for many years and are excited about significantly expanding our customer footprint in a fairly concentrated region,” ACA President and CEO Amy Kothari says. “We are very impressed by the operating team at Hawk and are thrilled to support Mike Shirley as he continues to run the business. All around, this is a fantastic opportunity for ACA to do what ACA does best, integrate and enhance acquired businesses.”
In 2005, ISS acquired Hawk Security Services with the goal of expanding its residential sales and marketing channels. The firm will continue to own and service 12,000 Hawk commercial customers in Texas under the Interface brand name.
“Over the last eight years, we built Hawk Security into a premier provider of residential security services in the Texas market,” ISS CEO Michael Shaw says. “We are confident that ACA represents an outstanding new owner for the business, given their residential focus and commitment to leveraging Hawk’s platform.”
The deal makes good strategic sense for both firms, according to John Mack, co-head of investment banking at Imperial Capital, which served as ISS’ exclusive advisor in the transaction.
“By divesting their Hawk Residential division in Texas, Interface can now focus even more attention on their innovative fast-growing bundled managed service offerings to commercial national account customers,” he says. “Meanwhile, ACA gets an attractive residential customer base and a solid engine for further growth with the Hawk sales team.”
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