Securadyne Systems Acquires Leading Integrator IAS
DALLAS — Securadyne Systems has acquired Intelligent Access Systems (IAS) of North Carolina, a leading systems integrator throughout the eastern United States with a strong presence in critical infrastructure and health care.
IAS was founded in 2004 by industry veteran Ron Oetjen, who will join Securadyne’s senior leadership team. The company operates in eight cities including Raleigh, N.C.; Richmond, Va.; Pittsburgh; Canton, Ohio; Atlanta; and Tampa, Jacksonville and Ft. Lauderdale., Fla.
The IAS acquisition is the fourth for Securadyne, which was founded in September 2011 by Carey Boethel in partnership with Pamlico Capital.
“We are extremely proud to be affiliated with Intelligent Access Systems,” says Boethel, who serves as Securadyne’s president and CEO. “Ron and his team have built a truly remarkable organization that consistently puts the customer first and focuses heavily on its core values of excellence, innovation, partnership and trust. Virtually everything about our two companies is synergistic, especially the cultures, which for us is by far the most important facet of the deal.”
The deal for IAS brings Securadyne’s employee count to approximately 300 and annual revenues to $70 million. Securadyne has a branch network of 16 locations and plans to organically enter at least two new markets this year. The company experienced 21% organic growth in 2013, excluding contribution from Advanced Control Concepts and IAS, which were acquired in August and December, respectively. Including acquisitions, Securadyne’s year-over-year growth was 106%, according to the company.
Securadyne’s strategy is complementary to IAS’ and focuses on next-generation enterprise-class solutions, including cloud architectures, that position the company for long-term success, says Oetjen.
“Additionally, Securadyne’s branch network will allow us to service our existing customers on a broader basis in markets where we do not currently have a presence,” he says.
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