Safeguard Security Acquires R&M Security

Safeguard Security & Communications has announced that the company has purchased R&M Security.

The acquisition is part of Safeguard's continued expansion, and adds 900 residential customers in the Phoenix metro area to the company's client base for service and monitoring. The addition will bring Safeguard's total base to over 13,500 installations, with those contracts located in Arizona and New Mexico.

Safeguard recently purchased the alarm division of Akal Security (in Santa Fe, N.M.) this past December, which added 500 clients to the company's base in that area.

The purchase of R&M marks the acquisition of a family business founded in 1978 by Robert and Marie Graziano. Safeguard CEO John Jennings said that the merging of the accounts in Safeguard's fold should be "seamless."

Terms of the acquisition have not been disclosed.