YARMOUTH, Maine—One of the best ways for security companies to build density is to acquire a local competitor, but there also are potential pitfalls when doing business in your backyard, according to five security company executives who have experience with these kinds of transactions.
LANCASTER, Pa.—Select Security--a super-regional based here that has spent the past two summers trying to beat the big summer-model companies at their own game by running its own door-knocking program--is upping the ante.
PACHECO, Calif.—On Jan. 1 this year, California joined Pennsylvania in becoming the first states in the nation to require the installation of automatic fire sprinkler systems in new one- and two-family homes.
LANCASTER, Pa.—Select Security, a super-regional based here, has done something out of the ordinary: It recently acquired a fire sprinkler company and turned it into Select Security’s new sprinkler division.
Company president Patrick Egan said Select Security’s purchase of Fire Systems Inc. of Ephrata, Pa. is unusual for a security company, but makes good business sense. It will lead to new sprinkler and alarm customers for Select Security, and generate additional RMR as the company takes over the annual inspections required for sprinkler systems, Egan said.