BOCA RATON, Fla. — DirectView Holdings (OTC: DIRV) has signed a buyer’s agreement contract with Murphy Business Sales, a business brokerage firm specializing in mergers and acquisitions, to locate and acquire profitable companies in the video surveillance and security industry.
Based here, DirectView Holdings is a provider of video surveillance solutions and teleconferencing products and services. The company is working closely with the CEO of Murphy’s Texas region, Richard Gadberry, to utilize his expansive business network to locate acquisition targets, according to an announcement.
According to the agreement, targeted businesses must generate annual sales ranging between $1.5 million to $10 million and be located in the United States. The businesses must fall in either of the following categories: video surveillance integrators, video surveillance websites, alarm companies, monitoring companies, low voltage cabling companies and WiFi companies.
Murphy was instrumental in DirectView’s two most recent acquisitions in 2017 of ApexCCTV and Virtual Surveillance.
“We are very excited about the opportunity to represent DirectView Holdings and their search for additional acquisition opportunities,” states Gadberry. “We have watched their growth over the last year and have been impressed with the management of their company and the overall quality of services they provide. We feel they are in an amazing space.”
DirectView operates as a holding company with a focus on the security, surveillance and low voltage cabling and peripherals.
“Since DirectView’s inception, we’ve put a strong focus on acquiring profitable businesses in the surveillance industry that will grow margins and enhance our overall valuation,” says Roger Ralston, CEO & chairman of DirectView. “We are now at the point where we are ready to take things to the next level and acquire our next big subsidiaries.”
