Tag: Patrick Egan
Select Security announces series of acquisitions
April 6, 2018Spencer Ives
LANCASTER, Pa.—Select Security, provider of security and life safety solutions for homes and businesses based here, on April 6 announced the purchase of several companies: Tennessee Valley Protection in Huntsville, Ala.; Southern Security Services in Nashville, Tenn.; Interactive Alarms in Nashville, Tenn.; Security Consultants in Memphis, Tenn.; and Alert Alarm Systems in Paducah, Ky."We are always looking for well run companies that want to be part of Select Security, especially in our newest...
Security Partners celebrates 20 years
February 6, 2018Spencer Ives
LANCASTER, Pa.—On Feb. 10, Security Partners marks 20 years in the wholesale monitoring space, and as it hits this milestone the company is making improvements and planning for a new, bigger headquarters based here.“We're pretty blessed. The founding was going to be a local, maybe Pennsylvania-based, mid-Atlantic-based, monitoring center and, of course, we've now grown to a nationwide center,” Patrick Egan, founder of Security Partners, told Security Systems News. He added that...
ADR Security and Security Partners form joint venture
August 16, 2017Spencer Ives
ADR Security, a full-service electronic and physical security provider based in New York City, on Aug. 11 announced a new business: ADR Security Monitoring, a joint venture with Security Partners that caters to the specific security needs of high-end jewelers in New York City.
ADR Security services about 4,500 individual sites, offering intercom, intrusion, electronic access, video surveillance, fire and life safety, locksmith and AV cabling among other services. The business, by sales, is 90 percent...
Security Partners names new president
June 12, 2017Spencer Ives
LANCASTER, Pa.—Security Partners, a wholesale monitoring company with four centers through the United States, today announced that Randy Hall will take over as the company's president.“This is a huge opportunity for us. Randy is an industry veteran,” Patrick Egan, Security Partners CEO, told Security Systems News. “[Hall] has been in the field and dealing with a significant dealer base in his past responsibilities and we're just excited to have him on board.”Most recently,...
Select Security expands into Virginia
July 27, 2016Paul Ragusa
LANCASTER, Pa.—Just one month after securing a $55 million credit facility with Goldman Sachs, Select Security, a super-regional security company based here, has acquired 5 Star Security, a Bluemont, Va.-based high-end residential company.“This is Select Security's first entrance into Virginia, which we feel is a very good market, and it follows our model of being a major provider in smaller markets,” Patrick Egan, Select Security's founder and CEO, told Security Systems News.Egan...
Select Security closes on $55m credit facility with Goldman Sachs
June 22, 2016Paul Ragusa
LANCASTER, Pa.—Select Security, a super regional security company based here, received a $55 million senior credit facility with the Goldman Sachs Specialty Lending Group.“This deal is a stepping-stone for us,” Select Security founder and CEO Patrick Egan told Security Systems News. “We have had multiple bank deals over the years, but this new credit facility is more than two times the credit facility that we just paid off with Citizens Bank. Citizens have been wonderful to...
Select Security partners with Mace to launch national DIY product
June 16, 2016Paul Ragusa
LANCASTER, Pa.—Select Security, a super-regional based here, is partnering with Mace, best known for its pepper spray, to launch a DIY product nationally in 2016.Select Security's founder and CEO Patrick Egan said that teaming up with Mace to launch a DIY product is key to its success nationally.“This is a whole different channel for us, and there was no way we were going to enter the DIY space without a strong, recognizable brand name,” Egan told Security Systems News. “The...
Select Security goes to Kentucky and West Virginia with purchase of Secure US and three others
December 10, 2014Martha Entwistle
LANCASTER, Pa.—Super-regional Select Security moved into two new states—Kentucky and West Virginia—and added about 8,000 new accounts with the acquisition of Secure US of Morgantown, W.Va., and three companies in Kentucky.“Right now we're running around $970,000 in RMR,” Select Security CEO Patrick Egan told Security Systems News. “We have one remaining deal [this year] that should put us over $1 million of recurring.”The three Kentucky companies acquired...
Barnes Associates wholesale monitoring survey finds accounts up 19 percent
March 12, 2014Leif Kothe
YARMOUTH, Maine—Much can be gleaned from the fourth annual Barnes Associates/SSN/CSAA wholesale monitoring survey, but if anything stands out about 2013, it's that overall growth was gaudy.The wholesale monitoring segment enjoyed a 19.4 percent increase in the number of monitored accounts in 2013, according to a survey led by Barnes Associates, a consulting and advisory firm specializing in the security alarm industry. The survey was co-sponsored by Security Systems News and the Central Station...
Select Security restructures management team
January 8, 2014Tess Nacelewicz
LANCASTER, Pa.—Select Security, a super-regional based here, is starting 2014 with a restructured management team and goals that include a new inside sales program and additional growth of its summer sales program.Steve Firestone, who has been the company's EVP of sales and marketing since 2012, became Select Security's new president as of Jan. 1. Patrick Egan, the company's owner and formerly its president, also got a promotion—he's now CEO of Select Security and its sister company,...