Tag: Ron Davis
Rapid acquisition
January 23, 2013Martha Entwistle
Rapid Security Solutions of Sarasota, Fla., is growing rapidly following an acquisition, announced today, of Armenti Construction and Access Control, Inc, of Lake Worth, Fla.
I had a chance to speak to Steve Paley, president and COO of Rapid, (and also president of the new Florida chapter of ESA) this afternoon.
Paley said the deal doubles the size of his company, bringing 10 new employees and a number of accounts, notably with gated communities in the Palm Beach county area. "The former owners...
This Blog's on Fire (And Other Stuff)
ACA acquires in Alabama
August 15, 2012Tess Nacelewicz
Smooth. That's how Alarm Capital Alliance described a recent transaction that added more than 1,000 accounts to its existing account base in Alabama.
ACA, a Media, Pa.-based independently-owned company that acquires and manages security alarm contracts, acquired the accounts through an asset purchase transaction with Ultimate Security of Scottboro, Ala., according to a news release issued last week.
Ultimate Security will stay in business and continue to service ACA customers, according to the Aug....
Monitoring contract provision can stand in way of sale
April 4, 2012Tess Nacelewicz
LAS VEGAS—Read the fine print on your contract with your third-party monitoring center. You may find there's a clause buried in it that says the monitoring center has the right to buy your alarm company before you can sell it to somebody else.Such “right of first refusal” language is not in every monitoring contract, but it is in enough of them that Ron Davis, president and CEO of Davis Mergers and Acquisitions Group, warned potential sellers about the problem at an educational...