Protection 1 makes biggest buy in its history
ROMEOVILLE, Ill.—Protection 1—which bills itself as the nation’s second-largest business and home security company—announced this week that it has acquired Vintage Security, which is based in the nation’s capital and has more than 15,000 customers. Protection 1, based here, says the acquisition is the largest it has made in its 25-year history.
Vintage serves metropolitan Washington as well as Maryland and northern Virginia, according to Protection 1.
Vintage is a provider of residential and commercial security and serves the custom homebuilding market with high-end home security and entertainment systems.
“Vintage Security aligns well with Protection 1,” said Dan Bresingham, Protection 1 executive VP and CFO, in a prepared statement. “In addition to their pristine focus on the customer experience, they have proven themselves as a growing company with a solid customer and employee base.”
Vintage’s 100 employees and managing partner Rick Brokaw, an industry veteran who previously has worked with members of Protection 1’s executive team, will join Protection 1, according to the company.
“I am happy to be working with Rick again,” Protection 1 CEO Tim Whall said in a statement. “His ability to lead his team while keeping the customer first and foremost in everyone’s mind is a key to his success, and we welcome that mindset to the Protection 1 family.”
Brokaw said in a statement: “I am excited to join an organization with a national footprint that has had unparalleled success with their customer service. Vintage is very similar in that regard.”
The closing took place Dec. 20. It was the eighth acquisition for Protection 1 in 2012. The company, which was founded in 1988 and has more than 1 million customers and has more than 2,500 employees in more than 60 locations across the country, also acquired Fort Worth, Texas-based Suntera Security in October.
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