CSG is adding density near its headquarters with the purchse announced yesterday of Allied Protective Systems, based in Oklahoma City.
The deal adds 6,000 customers to CSG's Guardian Security Systems, an installing security company that CSG owns.
CSG CEO Richard Ginsburg was on a plane today, but Amy will catch up with him later this week and have more to report on the deal next week. Ginsburg has been on the acquisition trail. Amy reported in October that CSG purchased two companies in Texas. Here's that story.
CSG intends to offer its new customers its "full line of interactive security and home automation options," Ginsburg said in the release.
Johnnie Fletcher, who owned Allied for 30 years, sold the company to CSG when he decided to retire after 50 years in the alarm industry, according to the news release.
CSG says it's the 8th largest residential security monitoring company in the United States. It has 200,000 customers, $7 million in RMR, a dealer program; a monitoring and customer care center in Tulsa; a branch network; and customers in 17 states.
Vertex Capital advised CSG on this deal.