Lowitt Alarms announces acquisition
By Mike Higgins
Updated Sat March 1, 2003
HICKSVILLE, N.Y. - Continuing with what its owner calls a plan to grow through acquisition, Lowitt Alarms has just acquired a 300 account Jericho, N.Y. company. According to vice president Andy Lowitt, the acquisition of security firm Stanley Albert Baker is the fifth one made by his company in the last two years.
Lowitt said his company, which operates its own central monitoring station, acquired SAB as a part of a strategy of acquiring companies in the greater New York City area.
“We’re looking to augment our internal sales growth through acquisition especially in our geographic area,†he said.
Before the transaction, Lowitt and SAB had a long-standing wholesale monitoring relationship that had run for 20 years.
Lowitt declined to give an exact number, but he said the acquisition pushes Lowitt Alarms’ total number of accounts to over 6,000 in the New York City and Long Island area.
The company is continuing to look for new acquisitions, such as another 400-account company Lowitt expects to acquire sometime in the next year.
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