IASG Purchases Minnesota Alarm Contracts
Integrated Alarm Services Group Inc. (IASG) says it will acquire about 9,600 residential alarm contracts in Minnesota, which generate about $235,000 in recurring monthly revenue (RMR). The contracts are being acquired from the Minnesota natural gas operating subsidiary of CenterPoint Energy. The purchase price for the alarm contracts is about $7.8 million and represents a purchase multiple of 33 times RMR. Consideration for the Minnesota account acquisition comes from IASG cash balances.
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!
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to 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 sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!