ASG has been busy, busy, busy. It followed up the Oct. 26 recap (search for "ASG recapitalizes" in www.securitysystemsnews for details) with today's announcement of the acquistion of Matrix Security. ASG CEO Joe Nuccio, who was on his way to Securing New Ground (in Manhattan, Nov. 14-15), said the dealÃ¢â‚¬Å“brings some very, very talented employees into the ASG family; weÃ¢â‚¬â„¢re looking forward to growing and developing in those markets,Ã¢â‚¬Â he said. Matrix has 33,000 accounts and $1 million in RMR, bringing ASGÃ¢â‚¬â„¢s total to $3.8 million in RMR and to roughly 108,000 customers. This buy moves ASG into new contiguous geographic areasÃ¢â‚¬â€the Carolinas and Northern New Jersey. Matrix has 12 branch offices, five in North Carolina, two in Virginia, two in New Jersey, and one office in the states of Maryland, Delaware and Pennsylvania. Ã¢â‚¬Å“Our customers and employees have always been extremely important to us. I am really pleased that they are joining an elite company like ASG where there will be even greater opportunities for them in the future,Ã¢â‚¬Âsaid Ira Riklis, CEO of Matrix Security Group, in a statement. Barnes Associates helped negotiate the deal. Financing was provided by Parthenon Capital.
As managing editor, Tess helps oversee editorial content and works on developing a rapport with industry leaders to report and write on industry news, concentrating on the fire and residential beats. She focuses on writing stories important to installers, integrators, manufacturers and distributors. Before joining Security Systems News in September 2010, Tess was a newspaper reporter in Maine for more than two decades. Most of that time, she worked for The Portland Press Herald/Maine Sunday Telegram, and also was an occasional stringer for The New York Times. Tess has a master’s degree in journalism from Columbia University and a master’s in linguistics from the University of Michigan. She lives in Maine with her husband and a demanding cat.