Kimberlite Corp. Completes Deal for Security First Alarm King
This represents the first non-Sonitrol transaction by Kimberlite Corp. in its continuing growth and acquisition strategy in California.
FRESNO, Calif. — Kimberlite Corp., a leading provider of security services to businesses and residences in California, announces the purchase of Security First Alarm King (SFAK). The acquisition further strengthens the company’s presence in the central California region and is a continuation of its stated goal to grow through strategic acquisitions.
Based in Visalia, Calif., SFAK provides integrated security and fire alarm systems. The company designs, installs, monitors and services security systems for industrial, commercial and residential customers throughout Tulare County.
“Security First Alarm King is a perfect fit for Kimberlite. During this process, we have been impressed by the high quality of the customers and employees at SFAK. [Owners] Robert and Sabrina Shahan have been a pleasure to work with through this process. They, and all their employees, will be staying on with Kimberlite. Kimberlite is committed to provide the same high quality service that SFAK’s customers have come to expect,” says Joey Russell, president and CEO of Kimberlite.
Kimberlite is said to be the largest independent Sonitrol franchisee. The company has operated an award-winning central station specializing in audio and video verified security solutions for more than three decades.
“We have known Joey and Kimberlite for many years. When it came time to sell our business, we could not have been more pleased that Joey was interested in buying our company. We are certain that this transaction will be in the best interests of our clients and employees. We are very excited about joining the Kimberlite family,” Sabrina Shahan comments.
“I look forward to working with Joey and Kimberlite to continue to offer leading edge security solutions to our existing clients as well as expanding our customer base within our footprint,” Robert Shahan adds.
SPP Advisors represented Kimberlite in the transaction. Mark H. Sandler, managing director, says, “This is a perfect fit for both Kimberlite and SFAK. This is the first non-Sonitrol acquisition for Kimberlite and I’m sure it will not be the last. It was a pleasure to work with the Shahans during this process especially given all the challenges imposed by the COVID-19 pandemic.”
Legacy Security Consulting represented SFAK. Legal representation for the acquiring company was provided by Mary Ann Dunham of Buchanan Ingersoll and Rooney, PC. Legal representation for SFAK was provided by Lilianne Chaumont of Chaumont Law.
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