Tag: Titan Alarm
Titan Alarm acquires two
July 5, 2017Paul Ragusa
PHOENIX—Titan Alarm Inc., a commercial and residential security company based here, announced two acquisitions this week, which includes the purchase of accounts and customer bases of Post Security and CCS Systems.The deal with Post Security, which was an RMR-only acquisition of about 100 accounts, closed on May 8th. The CCS Systems deal, which includes all five employees, the company's office in Tucson and approximately 800 accounts, closed on June 30th.“We've wanted to be able to expand...
Titan Alarm finishes year strong with third acquisition
January 11, 2017Paul Ragusa
PHOENIX—Titan Alarm, a security, access, fire and surveillance company based here, made its third acquisition of 2016, finishing the year strong with the purchase of accounts and RMR of Arrow Security Design LLC, a Scottsdale, Ariz.-based company owned and operated by Ray Millazo, who is retiring after more than 30 years in the industry.Although the deal closed on Sept. 30th, 2016, the acquisition wasn't announced until December. Financial details were not disclosed.Titan CEO Mike Proudfit...
How I Use My System: Danny Holmgren
October 5, 2016Spencer Ives
Danny Holmgren, president of Phoenix-based Titan Alarm, has been in the industry for 11 years. Holmgren was with Titan when the company opened in 2008. He started by focusing on the company's commercial sales, and last year was promoted to his role as president. Security Systems News got the chance to talk with Holmgren about the alarm system he uses at home.What kind of system do you have?I have a Honeywell Vista20. I've got it connected to an Alarm.com system enhancement module, so in addition...
Titan Alarm acquires again
August 3, 2016Paul Ragusa
PHOENIX—Titan Alarm, a security, access, fire and surveillance company based here, made its second acquisition of the year with the purchase of 440 accounts from Giant Security Systems, Inc., also based here.Titan CEO Mike Proudfit told Security Systems News discussions with Giant Security Systems owner Nick Pugliese began last year.“I knew after meeting him, and the integrity and character that he displayed while getting to know him over the course of the past year, that he would have...
Titan Alarm secures $5m credit line, makes first acquisition of 2016
March 23, 2016Paul Ragusa
PHOENIX—After closing on a $5 million line of credit with The PrivateBank, Titan Alarm bought one company and plans to buy another before the end of the month.In its first acquisition of 2016, Titan bought Arizona Fire Test. Both companies are located here.Titan CEO Mike Proudfit told Security Systems News that securing the credit line allows for future growth opportunities for the company in the local Arizona market.“Arizona has a large need for a company that understands and deploys...
Pinnacle lawsuit: Ex-employees, consultant “conspired” to start rival company in Canada
August 25, 2011Tess Nacelewicz
OREM, Utah—Pinnacle Security is suing two former employees and an industry consultant, claiming they “conspired together” to create a new Canadian company, Titan Alarm, to compete against Pinnacle in Canada. Pinnacle contends the employees were working for Pinnacle at the time and that the new company was created by “unlawfully using Pinnacle resources and in violation of contractual and fiduciary duties.”
However, one of the ex-employees that Pinnacle is suing, Graham...