Alarm Detection Systems on Tuesday announced that it has acquired Safe Systems, a privately-owned provider of residential and commercial security services based in Louisville, Colo. According to a statement, the purchase of Safe Systems is ADS’ largest acquisition to date.
The merger will enable ADS to expand its footprint beyond the Midwest and into the Western U.S.
“We are pleased to add the expertise and value that Safe System represents to our own 47-year history of quality operations,” said Bob Bonifas, founder and CEO of ADS.
Under the agreement, Larry Halpern, the owner of Safe Systems, will be an integral part of the transition.
“We are very pleased that we were able to finalize a transaction with Alarm Detection Systems. Their emphasis on customer service and employee satisfaction makes me comfortable that they will continue to operate Safe Systems much as I have since I founded the company in 1982,” said Halpern.
SPP Advisors, LLC represented Safe Systems in the transaction. Mark Sandler, Managing Director of SPP commented: “Alarm Detection Systems was the perfect acquirer for Safe Systems. Both Safe and ADS have similar operating styles and philosophies. It was a pleasure working on this transaction”.
Citizens Bank, N.A. of Boston, MA provided financing.
ADS will maintain Safe System’s existing corporate headquarters and central station in Louisville, Colo., as well as its satellite office in Colorado Springs to support sales and growth throughout the region.
