RALEIGH – Sonitrol of the Triangle, a leading provider of commercial security systems in Raleigh, NC for nearly 20 years, announced the acquisition of Sonitrol of the Triad in Greensboro, N.C., on June 15.
The acquisition allows Sonitrol of the Triangle to offer expanded security services to a larger base of clients in the North Carolina market. Sonitrol of the Triangle has continued to grow at a strong rate over the years. "This represents a significant investment on our behalf and we are confident that our customers will continue to see enhancements in service afforded by this change. We’re very excited about the opportunity in the Triad area” says Chuck Harrelson, President, who has over 19 years as a leader in the Sonitrol network.
Financing for this acquisition was provided by TD Bank from Boston and Sonitrol of the Triangle was represented in the purchase transaction and financing by SPP Advisors, LLC. “Sonitrol of the Triad was a great fit for Sonitrol of the Triangle geographically as well as sharing similar corporate cultures and customer service qualities. This will be an excellent combination for the combined companies’ customers and employees” says Mark Sandler, Managing Director, SPP Advisors, LLC.
About Sonitrol of the Triangle
Sonitrol of the Triangle was founded in 1998 and is an experienced industry leader focusing on Verified Audio and Video detection technologies as well as “hosted”, integrated access control systems. Owned and operated by Chuck Harrelson, former President of the Sonitrol Network Dealers Association, Sonitrol of the Triangle operates in the Raleigh, NC area. For more information on Sonitrol of the Triangle, please visit www.sonitroltriangle.com or call (919) 848-3611.
About SPP Advisors LLC
SPP Advisors, LLC is a business advisory and financial consulting firm participating in the electronic security industry which includes the Personal Emergency Response Services (PERS) industry. SPP was founded in 2000 and its services include: sale mandates and auctions, acquisition services, divestitures, financial restructuring services to lenders and companies in the alarm security industry and negotiating credit facility and capital restructurings.