Cellular Provider Acquires Alarm Companies
TYLER, Texas
A company that has specialized in providing wireless and cellular services has entered the security business after making a deal to acquire the residential and commercial alarm companies owned by Progressive Concepts Communications Inc. Under the acquisition, still to be approved by regulators and company officials, Teletouch will receive the assets of Houston-based Hawk Security Services as well as alarm monitoring account holder of State Hawk Security Inc.
Terms of the deal, announced Oct. 26, have not been disclosed.
As part of the deal, State Hawk CEO Thomas “Kip” Hyde has been named as the new CEO of Teletouch. “The key to this combination will be leveraging Teletouch’s existing corporate infrastructure, customer base, telemetry products and two-way radio operations to expand Hawk’s presence throughout Teletouch’s current 10 state markets and beyond,” Hyde said in a statement.
Teletouch serves the Alabama, Arkansas, Georgia, Florida, Louisiana, Mississippi, Missouri, Oklahoma, Tennessee and Texas markets.
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