The recent acquisition of south Texas-based alarm company Security Depot has helped Texana Security LLC, a privately held security integrator, add as many as 3,000 monitored accounts and $100,000 in recurring monthly revenue (RMR) to its customer base, according to the company.
“Security Depot is a quality company and a well known brand within their current market area,” says Texana CEO Sean O’Keefe. “We are extremely excited with the future potential of combining not only the customer base of the two companies, but also the knowledge and expertise of the entire Security Depot management team and workforce.”
Security Depot CEO Carla McCaleb will join Texana and be responsible for sales and marketing efforts in the Rio Grande Valley area of south Texas. She will be joined by Daryl Smith and Alan Smith, who will both serve in executive management roles.
“After much consideration, we determined that combining our two companies was a win-win opportunity,” says McCaleb. “With Texana assuming responsibility for accounting, administrative and monitoring responsibilities, we can now focus our energies on increasing market penetration by concentrating solely on sales, installation and customer service activities.”
Terms of the acquisition were not released.