Integrated Alarm Services Group Inc. (IASG), parent company of central stations Criticom Int’l and the National Alarm Computer Center (NACC), have added financial services to its portfolio with the asset acquisition of Financial Security Services Inc. (FSS) for $23 million. FSS, based in Dallas, provides financial services for alarm dealers and operates a central station.
IASG has been growing through several acquisitions since late 2003, including last October’s acquisition of NACC from Tyco Int’l and recent purchases of alarm accounts in California, Arizona, Idaho, Michigan, New Jersey and New York.
Jeff Peiper, president and CEO of FSS, said in a statement that joining up with IASG was his company’s best move for growth.
“We believe joining forces with IASG is best for our current and future customers and employees,” Peiper says. “They have a strong and growing national footprint with resources to grow and help supply the funding needs of the dealer community.”
Peiper and FSS Vice President Dan Linscott also contribute financial articles to Security Sales & Integration. Their most recent article, “Need Funding? Think Like a Banker” was featured in the August issue of SSI.
Included in the purchase of FSS’ assets were Securion Central Control Inc. and its central station in St. Paul, Minn.
