IASG Reveals Details of NACC Purchase, Plans Consolidations
Security solution provider Integrated Alarm Services Group Inc. (IASG) has announced plans to consolidate some of its facilties and streamline some services as it completed its purchase of alarm monitoring provider National Alarm Computer Center (NACC) for $50.3 million. IASG says it has closed its Minneapolis central station and will close its Santa Fe Springs, Calif., station at the start of the year, consolidating it into NACC’s central monitoring facility in Irvine, Calif.
IASG announced Oct. 6 that it had agreed to purchase the assets of NACC from Tyco. The sale was completed on Nov. 19.
“We are very pleased with this acquisition. It is a direct complement to our current monitoring business,” IASG Chairman and CEO Timothy McGinn said in a conference call. “The acquisition increases the size of our monitoring business by 43 percent.” McGinn didn’t indicate any plans to change the branding of NACC or the change many of its services, though there will be the consolidation with the Santa Fe Springs office and possible staffing changes. “We have people in there to make sure there’s a good continuity in service,” McGinn says. “We will be making some adjustments in staffing levels out there. That’s part of the process.”
In addition to the California consolidation, McGinn says its Minneapolis office has been closed and the digital alarm business that had been based there has been moved to its office in Hackensack, N.J. In addition, the company has consolidated all its customer service and retention operations to its office in Las Vegas.
“We are going to be more efficient in our ongoing efforts to further improve service to our customers,” McGinn says.
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