Security Partners Enters Monitoring Collaboration With ADR Security
The new business venture will initially target jewelers in New York City, with plans to eventually expand the monitoring concept nationwide through a network of authorized dealers.
NEW YORK CITY — Installing security and fire/life-safety contractor ADR Security, based here, has launched a new a monitoring division in collaboration with wholesale monitoring services provider Security Partners.
The new venture, ADR Security Monitoring (ADRSM), is geared to meet the complex insurance underwriter requirements of high-risk clients, particularly jewelers that do business in the Big Apple’s Diamond District.
According to Patrick Egan, proprietor of Select Security and founder of the Security Partners Dealer Network, the partnership with ADR Security will provide the highest levels of professional monitoring, redundancy and disaster recovery. Security Partners is UL-Listed, Factory Mutual Approved and holds the Five Diamond Certification from The Monitoring Association (TMA).
“We believe there is a huge, underserved market for certificate service — bigger than ever before — and this is a great opportunity for us to partner with a strong, independent and financially solid company like ADR Security,” says Egan.
Egan says ADR has distinguished longevity in the marketplace and a top-notch management team that understands the higher liability and higher risk in certificate service for this specialized niche market.
“It’s not just monitoring, redundancy and supervision but response time, detailed recordkeeping and meeting stringent installation standards. There are only a handful of companies providing this type of service and many traditional providers have moved from high-risk services into residential or disappeared because of industry consolidation,” he says.
Peter Goldring, executive vice president and COO of ADR Security says the company’s focus will be on delivering the highest security and monitoring for businesses in the jewelry industry.
“We are one of less than a handful of companies providing this unique service and there are some 3,000 to 4,000 individual sites in a two-block radius of the Diamond District, located [in midtown Manhattan],” he says. “Our approach is different. It’s the holistic design, installation, service, monitoring and response of fully-supervised certificate solutions.”
Nationwide Dealer Program in the Works
Initially, ADRSM’s service area will be primarily metropolitan New York City but the plan is to expand the concept nationwide through a network of authorized dealers.
“This is a unique segment of business and there’s nothing else like the area of 47th Street with such a high density of jewelry businesses and thousands of the most secure systems in the world, Goldring continues. “The barrier to entry is fierce for security providers but our longevity in the market, expertise and network of redundant professional monitoring stations through the partnership with Security Partners will yield success.”
Randy Hall, president of Security Partners, explains the new service is uniquely positioned to bring top-quality, professional services to the high-end market and its end customers.
“This alliance is a fantastic opportunity for Security Partners to display our level of service and commitment to customers like ADRSM. Security Partners has the skill sets and technology in place to perform at the highest levels required and showcase excellence in monitoring to the consumer. We are excited to be able to offer our competencies,” he says.
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