Security Associates-King Central/Monital Merger Canceled


The planned merger between Security Associates Int’l Inc. and King Central/Monital has been canceled due to forces outside the companies’ control, according to company officials. Dramatically changed conditions in the financial markets for technology and related ventures ultimately led to the joint decision to terminate the merger agreement.

The merger pact, first announced in May 2000, also involved an agreement to merge with, a New York-based firm, founded in November 1999, that planned to develop and provide Web-based interactive services to the wired home and business market. The merger agreement called for a significant cash investment by SecurityVillage in the combined entity.

“During the past number of months, the companies continued to explore the possibility of a transaction apart from SecurityVillage, but have not been successful in arriving at terms which meet the needs of both parties,” says Tom Few, president of King/Monital, and James Brannen, president of Security Associates, in a joint statement. “We’re still hopeful that, down the road, we can work something out that will benefit our dealers, as the combined company would be powerfully attractive as a means to deliver value-added services nationwide.”

Few and Brannen add that they expect to identify a number of ways to work together to expand opportunities for their respective dealers.

If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.

A FREE subscription to the top resource for security and integration industry will prove to be invaluable.

Subscribe Today!

Get Our Newsletters