National Guardian acquires Corporate Security Management, Strong Alarm
By L. Samuel Pfeifle
Updated Thu January 19, 2006
NORWALK, Conn.--National Guardian announced last week two acquisitions completed in December of last year, which will increase its revenues by an estimated 30 to 35 percent. National president George Flagg said that Corporate Security Management and Strong Alarm would combine to assist National Guardian in targeting its core business of nationwide accounts with multiple locations.
"We were fortunate enough," he said, "to find something like Corporate Security Management. That was their exclusive market as well." Flagg cited the bookstore chain Borders as the type of national account these acquisitions would help him serve, thanks to new geographic reach.
In total, the Orlando-based CSM and Kansas City-based Strong Alarm will add about 19 employees to National's payroll, getting them near the 100 mark, said Flagg. CSM's office will become National's Florida base of operations. Strong's KC office will become one of National Guardian's branch offices, focusing on sales and service.
Currently, National Guardian monitors roughly 8,000 locations, 98 percent of them commercial.
For more on National Guardian's buy, see the March issue of Security Systems News.
Comments