B Safe Security Expands Reach With 2 Acquisitions
The purchase of the two companies gives B Safe Security greater depth of coverage in their respective locations, says company President Philip Gardner.
WILMINGTON, De. — B Safe, a regional provider of intrusion and fire alarms to Delaware, Maryland, New Jersey and Pennsylvania, has acquired Securitech of Wilmington, De., and DC Security Systems of Toms River, NJ.
The purchase of the two companies gives B Safe, publicly doing business as B Safe Security, greater depth of coverage in their respective cities, says B Safe President Philip Gardner. Both acquired companies were chosen based on their locations within B Safe’s current territories.
B Safe gains about 3,000 customer accounts and approximately $100,000 in recurring monthly revenue (RMR) in the deals. Terms of the transactions were not disclosed. The acquisitions were facilitated by John Colehower of Mergers & Acquisitions.
For all the latest M&A news, go here.
Founded in 1978, B Safe is a full-service provider of security and fire/life-safety systems to businesses, educational institutions, governments and homes. The company, based here, has more than 20,000 clients, according to an announcement.
A Platinum Honeywell Authorized Security Dealer, the company staffs NICET-certified technicians for fire alarm signaling systems and has UL certification for fire and intrusion alarm systems.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!
Leave a Reply