Securitas Acquires N.J.-Based Supreme Security Systems
Securitas says it aims to double the size of its security solutions and electronic security business by 2023.
STOCKHOLM — Securitas AB announces the acquisition of Union, N.J.-based Supreme Security Systems for approximately $20 million.
The acquisition is said to increase Securitas’ service capabilities and client offerings in the Northeast U.S. and aligns with Securitas’ ambition to double the size of its security solutions and electronic security business by 2023.
The acquisition will be accretive to the group operating margin through its resilient recurring monthly revenue (RMR) portfolio representing more than 70% of the revenue, according to the announcement.
Founded in 1929, Supreme Security Systems provides security alarm monitoring services to clients primarily in the New Jersey market. Its portfolio includes electronic security services, such as intrusion, video, fire and access control systems, as well as UL-listed, FM approved, TMA Five Diamond certified alarm monitoring.
Total annual sales amount to approximately $10 million, mainly driven from its RMR base.
“This acquisition strengthens Securitas’ position as a leader in protective services and continues our journey towards our ambition to double the size of our security solutions and electronic security business. Supreme Security Systems’ strong recurring revenue base complements our North American electronic security business model and enhances our footprint in a population dense strategic market,” says newly promoted Tony Byerly, president, Global Electronic Security, Securitas AB.
The acquisition is expected to be EPS accretive as of 2022 and will be consolidated in Securitas as of Dec. 1, 2021.
Last December, Securitas acquired super-regional alarm monitoring and electronic security systems integrator FE Moran Security Solutions for $82 million.
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