Tag: Mark Sandler
Bates Security on Pye-Barker acquisition: ‘Value proposition’ too good to pass up
June 26, 2024Cory Harris, Editor
YARMOUTH, Maine—Jeremy Bates began 2024 with no intention to sell Bates Security, the family-owned security and alarm systems company that his parents founded 40 years ago. But what Pye-Barker Fire & Safety brought to the table was an offer he could not refuse.
On May 21, Pye-Barker added to its ever-growing portfolio of companies by acquiring Lexington, Ky.-based Bates Security.
“If you had asked me on Jan. 2, would we be selling our company, the answer would have been...
Alarm New England continues to adapt and grow
March 27, 2019Paul Ragusa
ROCKY HILL, Conn.—Alarm New England, a provider of home and business security systems in New England, continues to adapt and grow the family business that has been going strong for more than 40 years. The company's most recent acquisition of Engineered Security Systems expands their reach in Rhode Island, adding 2,500 new customers, as well as talented new employees, to the Alarm New England team.“Engineered Security Systems is squarely in our footprint and Ken Soscia has been at it a...
Per Mar acquires Barone and PBSS
January 2, 2019
DAVENPORT, Iowa—Per Mar Security Services, a family-owned, full-service security company based here, announced it has acquired Barone and Polk Burnett Security Systems (PBSS) from Iverify for an undisclosed amount. Managing director of SPP Advisors, LLC, Mark Sandler, represented Iverify during the transaction.The acquisition helps expand Per Mar's presence in Nebraska and Wisconsin, specifically in Duluth, Eau Claire and the newly established Omaha location. “This [Omaha] is a new electronic...
Henry Edmonds presents on PERS valuations
October 9, 2013Leif Kothe
As I encounter new theories and projections about PERS valuations, I continue to find a refreshing lack of consensus among the experts. That's not to say there aren't areas of agreement. There are. Those watching the market often cite similar determinants of valuation, such as attrition rates, cash flow and the costs of creating new accounts. But experts seldom invest the same metrics with equal importance.
For example, Barry Epstein, president of Dallas-based Vertex Capital, believes reducing...
PERS company valuations predicted to rise
September 25, 2013Leif Kothe
PARK CITY, Utah—Fresh off moderating a PERS Summit panel, Barry Epstein, president of Dallas-based Vertex Capital, expects the PERS acquisition market to heat up as valuations climb.�
“The market will continue to grow as new entrants come into the market seeking recurring revenue companies,” Epstein told Security Systems News. “Valuations will move upward as churn is decreased and the average life of the account lengthens.”
Epstein moderated a panel discussion...
Security companies, others eye growth of PERS market
February 20, 2013Leif Kothe
YARMOUTH, Maine—With the market for personal emergency response systems projected to grow substantially in the coming years, it's easy to see why financial analysts and security companies alike are taking an interest in it.Fueled by factors such as an aging population, the potential cost savings for seniors who stay in their own home, and the relative resilience of the market, growth is in the forecast for PERS. However, the projections tend to belie two important points: First, that it's not...