Per Mar Security Expands in Minn. With Floyd Total Security Buy
Per Mar intends to acquire Floyd’s building as part of the acquisition, with more than 80 employees assisting in consolidating operations.
DAVENPORT, Iowa – Per Mar Security Services, the largest family owned full service security company in the Midwest, announces the purchase of Floyd Total Security for undisclosed terms.
Floyd Total Security has served Minnesota’s Twin Cities and surrounding areas for more than 75 years. The privately held company has been operating under the same family ownership since 1953 as a provider of intrusion, video surveillance and lock solutions to commercial and residential customers.
“I’m excited that Floyd Total Security will be joining Per Mar Security Solutions as our Twin Cities branch,” says Per Mar COO Brian Duffy. “Floyd Total Security shares the same culture of customer and employee focus as Per Mar Security Services, and has specialized in card access, lock service, security and fire alarm work and monitoring in the Twin Cities for decades. I look forward to the Floyd team strengthening and expanding our existing presence in Minnesota.”
Per Mar Security Services will continue to operate the office in Bloomington, Minn., including monitoring customers from its UL-certified monitoring center and providing key and locksmith services from this office as well.
“Per Mar Security Services was chosen as a Floyd Total Security acquisition partner due to our common priorities of employees and customers. Our employees will transition and our customers will see little change,” explains Michael Karch, owner of Floyd Total Security. “Employees will have additional resources and support to grow their careers as part of a larger organization. Customers will enjoy added products and services.”
Per Mar intends to acquire Floyd’s building as part of the acquisition. The facility houses more than 80 employees who will assist Per Mar in consolidating operations. All current employees and executives of Floyd have been offered employment with Per Mar.
Karch continues, “The completion of the acquisition during the pandemic speaks to the commitment of both parties. Each party has expertise in different areas and we share common product brands. This is a great example of a win-win relationship for the employees, customers and business owners.”
Davis Mergers & Acquisitions Group represented Floyd in the transaction.
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