Securitas Electronic Security Purchases Customer Contracts of iVerify
Iverify is a leading, full-service interactive security company that provides life safety, loss prevention, cyber breach reduction and brand protection.
UNIONTOWN, Ohio — Securitas Electronic Security (SES) announces the acquisition of customer contracts and certain select assets of iVerify. Terms of the transaction were not disclosed.
Iverify is a leading, full-service interactive security company that provides life safety, loss prevention, cyber breach reduction and brand protection to companies throughout North America. The company provides consulting, design, installation, monitoring and interactive support services to large and small retailers, automotive dealerships, property management companies, and a host of other business types. Iverify operates 24×7 monitoring centers in Charlotte, N.C., and Chanhassen, Minn.
The acquisition supports SES’s strategy of building its electronic security business in North America, the announcements states.
“We are excited to welcome iVerify’s clients to the SES client portfolio in North America. These clients align very well with our existing business operations and strategic focus, enabling us to bring our SES services and operational excellence to best serve these clients coast to coast in the U.S. and Canada,” says Tony Byerly, president and CEO, SES.
In 2018, Per Mar Security Services acquired two security companies from from iVerify, expanding its presence in Nebraska and Wisconsin. The acquired companies were Barone Security Solutions of Ralston, Neb., and Polk Burnett Security Systems (PBSS) of Frederic, Wisc.
Part of Securitas, SES is one of the leading commercial alarm monitoring and systems integration security companies in North America. The company offers a full portfolio of intrusion, fire, video surveillance, access control and integrated systems.
Specialized in serving enterprise customers, including regional, national and global companies, SES has a network of UL, ULC, UL2050 and TMA Five Diamond certified monitoring centers providing a comprehensive array of services.
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Where are contractors owed for jobs done for over 8 months get there payments from. Our company was blindsided by this and we are owed for jobs from over 8 months ago. Iverify refuses to return calls haven’t answered emails or phone calls for months. Where do companies like us that were subcontracted work from them getting paid from. We are owed a ridiculous amount of money along with several other companies in the same situation with them in Michigan and Ohio.
We are ready to contact the Media our businesses did the work Iverify got paid and we that did the work and paid employees to do the jobs have never been paid!!!!!
A dirty deal by both Iverify and SES. Buying the ‘customer contracts and certain select assets’ is code for both Iverify and SES choosing to hang out their subcontractors with no payment for work completed.
We need to band together to get get our money!! We are stronger in numbers. The accounts that were sold to SES should be told how they treat the subcontractors that did all the work while they cash their checks. Class Action Suit!!!!
We got burned for 27k!! What kind of back room exit plan by lawyers did this?? This should be illegal!!
This happened in Florida!!
We got burned for 51k! We shut them off in November and they sent us a check for $5k on Dec 21st. They told us that we were not going to get paid at all for any work that was closed on 12/31/19. My question is all their customers that have a 30 or 60 day net pay who is going to get that money if that money isnt even due yet in some cases?
If you were ripped off hire a lawyer or at the very least contact the secretary of state offices of North Carolina and Ohio.
Put a mechanics lein on Iverify. This transaction has not gone through and they will have to settle all debts that have leins.
Blast Securitas and Iverify online via social media. Contact their executives via linkedin. Visit and protest them at industry trade shows.
Don’t believe that just because you are small you will lose. The small shops always outlast the private equity suit monkeys that have no clue about our trade.
Iverify Preferred Partner, they called us. I was told SES had a 30% equity share/ownership in Iverify. Sounds like SES had a hand in this back door take over of only the assets. Leaving smalls business hung out to dry. The SES master dealer agreement is so lopsided, I’d be a fool to get involved. Legal or not, this will bite them hard.
Maybe Lowell (the hammer) Stanley should jump in.