IASG Adds 5,000 More Accounts Through Acquisition
In its second acquisition in two months, Integrated Alarm Services Group Inc. (IASG) has bought the equivalent of 5,000 residential alarm contracts from Firstline Security Inc. of Orem, Utah. The contracts, with recurring monthly revenue (RMR) of $150,000, were purchased for $4.4 million.
Most of the IASG accounts are located in California, Michigan, New Jersey and New York. IASG had already been handling the monitoring and billing for the Firstline accounts.
Just last month, IASG purchased a portion of the accounts of Tempe, Ariz.’s ProAlert LLC.
IASG’s Manasquan, N.J., central station will monitor the accounts.
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!
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.
