SAN RAFAEL, CA – November 12, 2021 – Alarm Financial Services (AFS) reports a flurry of activity in the mergers and acquisitions space for small to medium-sized alarm companies. AFS provided financing for three different acquisitions that closed in recent weeks, part of an ongoing trend. “We’re as busy now as we’ve ever been when it comes to providing loans to alarm dealers who are looking to make acquisitions,” commented Jim Wooster, Jr., President of AFS.
In mid-October 2021, Advanced Security Technologies (AST) acquired Premier Security and Fire of Modesto, adding over 500 accounts to their substantial client base in Central California. “The deal was especially accretive”, said Bob Ricucci, CEO and President of AST, allowing AST to broaden its growth model. “And our partnership with Alarm Financial Services was instrumental in successfully making it happen.”
At about the same time, Turner Security Powered by TechCore (Turner), purchased Garrett Security Systems (Garrett) of White House, TN. The acquisition of Garrett will help Turner service customers North of Nashville and Kentucky. According to Danny Tolleson, President of Turner, “AFS made sure we got all the right answers so it was an acquisition that made dollars and sense. Jim Wooster and AFS aren’t your normal bank -- they are consultants of the industry.”
In early November, Trident Security (Trident) of Longmont, CO completed the acquisition of SureLock Plus, LLC. “This purchase advanced Trident in our goal of continued growth and industry leadership in Colorado,” says Brandon Evans, Owner and President of Trident. Evans credits AFS playing an important role in the deal, “AFS provided more than just the funding to make this happen. AFS’ detailed due diligence reports and expert industry guidance helped us to successfully navigate the acquisition process from start to finish.”
AFS sees continued opportunities for growth through acquisition for small to medium-sized alarm companies. “We have a market where alarm company owners are reaching the age where they’re ready to retire, and there is a new crop of companies looking to complement their organic growth with acquisitions. We’re happy to provide the capital to help make these deals happen,” remarked Wooster.
About Alarm Financial Services, Inc.
AFS has been providing loans and lines of credit to dealers looking to grow their business, consolidate debt, expand operations or make acquisitions since 1987. Founded by Jim Wooster, Sr., AFS is the oldest funding company serving the alarm industry. AFS provides financing from $150,000 to $1,500,000 to small and medium-sized security, fire alarm and Personal Emergency Response System (PERS) companies. Learn more at www.alarmfinancial.com.
