Securitas Systems announces the acquisition of PEI Systems Inc., a systems integrator based in the New York metropolitan area. The purchase price is between six to nine times PEI’s earnings before interest, taxes, depreciation and amortization (EBITDA), according to the company.
PEI Systems has more than 30 years of experience in the security industry, providing integrated security and surveillance services to blue chip customers in the New York and New Jersey area.
“The acquisition of PEI Systems is a good example of how we will increase our ability to supply security systems to the important blue chip sector,” says Juan Vallejo, president and CEO of Securitas Systems AB. “The company is an experienced security systems integration firm and has a good reputation for providing superior, custom-fit security systems to its customers.
The acquisition of PEI Systems is in line with the Securitas’ strategy to increase the service element in its U.S. operations, Vallejo says.
