LEXINGTON, KENTUCKY (November 1, 2018) – Bates Security, LLC, a commercial and residential security company based in Kentucky with branches in Prestonsburg, Kentucky and Jacksonville, Florida, is happy to announce the recent acquisition of HITEC Security from Tommy Kidd of Pikeville, Kentucky. Bates Security and HITEC are a perfect match as both are family owned and operated businesses based in Kentucky. With the acquisition, Bates will be adding over 600 accounts to its customer base in Prestonsburg, where Bates does business under the ABCO Security name.
“Tommy is a great guy and very enthusiastic about the security industry and he has built up a solid business,” said Jeremy Bates, President of Bates Security. “I have known Tommy for a while now and we are honored that he selected us to be the ones to continue the legacy he has built.”
With the acquisition, Bates will bring on a new employee to the team, and Tommy will be an important part of the transition process and long-term servicing of the company.
“When I decided it was time to turn my customers over to someone, I knew that Bates Security was the right company to call,” said Tommy Kidd, owner of HITEC Security. “I have known of Bates for a long time and trust Jeremy and his people. They are good people and they know what they are doing, so I know my customers will be in good hands.”
Bates Security and its sister company, Sonitrol of Lexington, received $10M revolving line of credit from Capital One to fund organic expansion and take advantage of acquisition opportunities in both Kentucky and Florida.
About Bates Security
William “Sonny” and Pat Bates purchased Sonitrol of Lexington in 1984 and simultaneously began ADR Security Services, later rebranded to Bates Security. Today, the operations are driven by the Bates’ sons, Jeremy and Bryan. The team has built Bates Security into the largest, privately-owned company based in Kentucky and opened the Jacksonville office in the fall of 2016 and opened a third office in Prestonsburg with the acquisition of ABCO Security earlier this year. Bates Security was awarded Small Business of the Year by Commerce Lexington and continues to be a proud community partner.
