Dec. 27, 2011 -- ASG Security, a Beltsville, Maryland-based provider of commercial and residential security solutions has acquired LV Systems in Oklahoma City, Okla., on Dec. 22, 2011. The purchase price was not disclosed, but LV Systems brings ASG over 6,000 accounts and the LV central monitoring station.
Joe Nuccio, the president and CEO of ASG Security, said that all of LV's employees are being offered the opportunity to remain with the company. ASG said it will lease LV's existing facilities, and that LV's operations will serve as the ASG branch office in Oklahoma.
Former owners, Ron Lee and Andy Snyder, will both remain with the company.
The transaction was orchestrated by Nuccio and ASG's CFO Ralph Masino, with transaction work performed by Davis Mergers and Acquisitions Group.