Securadyne acquires platform for growth in Northeast
DALLAS—Securadyne Systems, a new systems integration company launched in February by industry veterans Ken Francis and Carey Boethel, now has a platform for growth in the Northeast with the acquisition of Surveillance Specialties (SURV).
“After the acquisition of SURV, the pro forma revenue [of Securadyne] will sit at about $35 million,” Boethel, Securadyne president and CEO, told Security Systems News.
Three features attracted Securadyne and Pamlico Capital, Securadyne’s financial partner, to SURV: the company’s technical capabilities, its long-standing customer relationships, and its vertical market expertise.
The acquisition also brings fire installation expertise to Securadyne. “Fire life safety was always part of our strategy,” Boethel said. “With the acquisition of SURV, we now have this expertise to leverage and we will expand it to all of our branches.”
Securadyne, based here, has other Texas offices in Austin and Houston and Oklahoma branch offices in Oklahoma City and Tulsa.
“SURV’s technical capabilities are really second to none, they’re a Software House enterprise dealer, they enjoy the highest possible certification for any given product they sell,” Boethel said.
“SURV has a strong presence in three key vertical markets—biopharma, health care and high tech—and they do a lot of work nationally with insurance and risk management companies, and that ties very closely to our focus on financial services,” he said.
Founded in 1986 by Arthur and Joan Bourque, SURV is a full-service systems integration company based in Wilmington, Mass. It has a branch office in Portland, Maine.
Arthur Bourque will join the Securadyne board of directors; Joan Bourque will step out of the day-to-day business but will help with strategic planning. Justin Davis, who has been with SURV for six years, will serve as Securadyne VP and regional general manager for the Northeast, reporting to Ken Francis.
All 77 SURV employees will join Securadyne. “This is an investment in growth,” Boethel said. “We will retain both offices and every one of the employees to help drive growth in the region. In fact, we really anticipate expanding and hiring more employees very soon. This will be our base of operations for New England and the Northeast and outlying areas.”
When Boethel and Francis launched Securadyne, they said their vision was to create a unique solutions provider that leveraged emerging IP and cloud-based technologies. “SURV brings so many things to us, but what we bring SURV is the strategy, plan and infrastructure to [expand into cloud-based offerings],” Boethel said.
Boethel noted that both health care and biopharma are heavily regulated verticals with strict compliance regulations such as HIPPA and JCAHO. “[SURV officials] have a keen interest and a deep understanding within their team about what it takes to secure those types of facilities, and they’ve done an excellent job at it,” he said.
Expertise in these compliance-driven industries will help fuel growth for Securadyne, Boethel predicted, as will expertise in non-regulated industries such as high tech.