Security Electronics completes backyard account purchase
Security Electronics, a home and business security company based in Muskego, Wis., near Milwaukee, recently purchased the accounts of Milwaukee Dynamic Security, a company headquartered on the north end of the Milwaukee metro area.
In a news release from the Davis Mergers and Acquisitions Group, which assisted Milwaukee Dynamic Security in the transaction, Don Larson, founder of Security Electronics, suggested the backyard account purchase will unite a pair of like-minded companies with similar regional roots.
The companies are also compatible on the technical level.
“We both are in the same central monitoring facility and use much of the same equipment,” Larson noted in the release.
Jim Veith, owner of Milwaukee Dynamic, will remain with the company during the transition period, after which he plans to retire, the release noted.
In the coming days I plan to connect with personnel at Security Electronics to discuss the implications of the deal, and how the backyard account purchase fits into the company’s near- and long-term strategies.