Protection1 announced on Monday that it has acquired Camtronic Security Integration of Wilmington, N.C.
I’m scheduled to do an interview with Protection1’s Jamie Haenggi, who is on the road, so I’ll have more in a story later this week. From the press release, it’s the national accounts that attracted P1 to this buy. After he took over P1 in 2010, CEO Tim Whall said national accounts would be a priority. Last fall, Haenggi spoke to us about Pro1’s national accounts research
Judging by its web site, Camtronic seems to be soley focused on retail accounts. Its client list includes: Winn Dixie, Coach, Saks Fifth Avenue, Safeway, Louis Vitton and Whole Foods.
In business since 1991, the founder and president is Jay Linton. Linton, Jim Finley, Camtronic’s vice president, managing director, and Paul Yezzi, managing partner of Camtronic, and the rest of the Camtronic employees will stay on with Pro1.
Does it seem like more owners are staying on with companies after acquisitions? It does to me. At the Barnes Buchanan conference this year, Michael Barnes said that keeping owners and staff is increasingly something sellers are looking for in today’s market.
Pro1 acquired accounts from Sting Alarm in Feb. 2010