FE Moran Security Solutions Acquires Commercial Integrator MidCo
MidCo’s in-house capabilities include all forms of electronic security, network infrastructure, hosted environments and telecommunications services.
CHAMPAIGN, Ill. — FE Moran Security Solutions, based here, announced the acquisition of MidCo of Burr Ridge, Ill., for undisclosed terms.
Founded in 1960, MidCo is a commercial security and network systems integrator with a branch office in Bloomington, Ill. The company’s in-house capabilities include all forms of electronic security, network infrastructure, hosted environments and telecommunications services.
“As the convergence of physical and network security continues at a rapid pace, we are committed to providing end-to-end solutions to our valued clients. To that end, the addition of the MidCo team increases our in-house expertise in key areas,” states Brett Bean, FE Moran Security Solutions’ CEO. “MidCo’s unmatched history of providing clear solutions to complex problems complements and enhances the services we provide to our customers.”
In the announcement, MidCo President Paul Janik states the sale made sense for several reasons.
“Together, we are uniquely positioned to provide customers with the most comprehensive set of security, communication, network and life-safety solutions available. FE Moran is one of the fastest growing independent security and network technology companies in the United States, has the capital structure to continue the technological growth and legacy of our company into the future, and shares the vision, mission, and values of the 60-year heritage of MidCo,” he explains. “There could be no better partner for either one of our companies, our customers, and our employees.”
MidCo employees will continue to operate from offices in Burr Ridge and Bloomington.
The acquisition will also create learning and development opportunities for all FE Moran team members to increase their industry knowledge, Bean continues. “I look forward to working with Paul and his team to continue to provide the unsurpassed service MidCo customers have come to expect from this highly reputable firm.”
FE Moran Security Solutions, associated with the mechanical companies of The Moran Group, operates a Five Diamond-certified, UL Listed and FM-approved security operations monitoring center with local offices throughout the Midwest.
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