Security alarms firm Security Networks has added another feather to its cap with the acquisition of Tri-State Alarm Company. Tri-State, a Pennsylvania-based company with 13,000-plus residential customers spread across New Jersey and Pennsylvania, was up for public auction recently, with Security Networks taking the winning bid.
According to Richard Perry, president and CEO of Security Networks, the company was in need of "infusion of capital to grow and an owner who is in the position to grow the business."
According to a statement from Security Networks, Tri-State Alarms' accounts will now be handle by Marlin Central Monitoring (an earlier acquisition of Security Networks).
Perry added that besides the movement of accounts to Marlin, no major changes will be felt at Tri-State Alarm. Most employees, including the management, will be retained. Perry has described the acquisition as one to further Security Networks' growth in the Northeastern U.S.
Security Networks is online at securitynetworks.net.