Bates Security Acquires Absolute Protection Team, Opens 4th Office
The acquisition adds over 2,000 accounts to Bates’ customer base as well as a second office location in Florida, its fourth overall.
LEXINGTON, Ky. — Bates Security, a commercial and residential security company, based here with a branch in Jacksonville, Fla., announces the recent acquisition of Absolute Protection Team from Roger and Karen Marcil of Vero Beach, Fla.
Bates says it will maintain that location as its second in the state and fourth company branch overall. The acquisition adds over 2,000 customers to the company’s customer base.
“Roger and Karen built a nice and successful company and we are honored they selected us to continue their legacy,” says Jeremy Bates, president of Bates Security. “They have a solid team of people in place and we are excited to bring them on to ours. We plan to grow the office, building upon the Absolute Protection Team legacy.”
The new additions will be an important part of the transition process and long-term servicing of the company, according to Bates.
“We specifically sought out Bates Security when we decided to sell,” says Roger Marcil, Absolute Protection Team President. “We are excited about the new opportunities this brings to our employees as well as our customers. Bates is planning to invest in our office and community and further grow Absolute which is great for our employees. I am excited to see the things they bring to the table.”
Roger Marcil will be remaining as lead commercial sales consultant for the company. With leadership from Bryan Bates, vice president of sales for Bates Security, the company is in position for more aggressive commercial growth in the area, according to an announcement.
Bates Security received a $10M revolving line of credit in 2016 from Capital One to fuel growth, both by expanding into new markets and growing existing locations. Since 2016, Bates has acquired five companies in two states and now manages over 14,000 accounts from its Lexington,Ky. headquarters.
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