Doyle Security Makes Acquisition; More on Tap for 2016
New customers will have access to a home automation platform, among an expanded offering of new monitoring services.
Doyle Security Systems of Rochester, N.Y., acquired 650 accounts from Alert Protective Systems, a local competing security alarm dealer. Terms of the deal were not disclosed.
ROCHESTER, N.Y. – Doyle Security Systems, a regional provider of residential and commercial security, fire and medical monitoring systems, has acquired the accounts of Alert Protective Systems. Terms of the transaction were not disclosed.
RELATED: Doyle Security Sees Productivity Gains With Mobile Forms Platform
Since 1988 Alert Protective Systems has specialized in providing intrusion and fire systems for homes and businesses in the Rochester area. Doyle Security President and CEO John Doyle Jr., tells SSI the purchase will add approximately 650 accounts – a mix of 60% commercial, 40% residential – to Doyle Security, which has been family owned and operated in Rochester since 1919.
Doyle says the agreement will benefit their new customers, in particular by offering them Doyle Total Connect, a home automation solution by Honeywell with remote mobile management, as well as alarm monitoring services provided by the company’s UL-listed and CSAA Five Diamond-certified central station.
RELATED: Shining a Light on Central Station Alarm Association’s Five Diamond Status
The acquisition did not include facilities, Doyle says. The former owner and founder of Alert Protective Systems, David Riekstins, is retiring from the business. Doyle Security has taken on one of its technicians.
The regional security provider is on pace to report recurring revenue of about $794,000 in 2015, Doyle tells SSI. More deal-making is on tap to increase the company’s RMR.
“We have a number of acquisitions that we are working on and expect to close in 2016,” he says.
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!
About the Author
Rodney Bosch, Senior Editor
Although Bosch’s name is quite familiar to those in the security industry, his previous experience has been in daily newspaper journalism. Prior to joining SECURITY SALES & INTEGRATION in 2006, he spent 15 years with the Los Angeles Times, where he performed a wide assortment of editorial responsibilities, including feature and metro department assignments as well as content producing for latimes.com. Bosch is a graduate of California State University, Fresno with a degree in Mass Communication & Journalism. In 2007, he successfully completed the National Burglar and Fire Alarm Association’s National Training School coursework to become a Certified Level I Alarm Technician.
Related Content
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.
