RIVERSIDE, CA – October 20, 2021 Advanced Security Technologies (“AST”) is pleased to announce the acquisition of Premier Security and Fire (“Premier”) of Modesto, CA. The purchase was financed by Alarm Financial Services (“AFS”) for an undisclosed amount. This acquisition will allow AST to continue its growth in the residential and commercial markets.
For AST CEO, Bob Ricucci, the deal was especially accretive. “The Premier business model fits with what we do and how we approach client performance and satisfaction. The geographic density and size of the account base made this transaction ideal for all parties. Our effort now will build upon the already excellent performance of Premier, and provide our new members of the AST family the very best service and Total Solutions possible.”
Premier’s CEO, Russ W. Vorse, expressed, “We’re confident that AST can provide the same level of service that our customers have come to expect from us.”
“Additionally, our partnership with Alarm Financial Services has been instrumental in successfully completing this transaction,” said Ricucci.
AST is a Total Solutions provider of Life Safety, Security and asset Protection solutions, providing the highest level of value to their clients throughout California and beyond for over 16 Years. Learn more at www.ast-security.com.
About Premier Security and Fire
For over two decades, Russ W. Vorse has owned and operated Premier Security and Fire, Inc., bringing local service and world-class technologies to safeguard residences and businesses throughout the Central Valley. Learn more at www.premiersecurityandfire.com.
About Alarm Financial Services, Inc.
Alarm Financial Services provides loans and lines of credit for dealers looking to grow their business, consolidate debt, expand operations or buy-out a partner. Founded in 1987 by Jim Wooster, Sr., AFS is the oldest such funding company serving the alarm industry. Learn more at www.alarmfunding.com.
