Beltsville, Maryland (PRWEB) August 11, 2004
Alarm Security Group, LLC (ÂASG SecurityÂ), announced today that it completed four strategic acquisitions in Texas during the past 30 days. ÂThese acquisitions are ideal for us in that they fold directly into our existing operating footprint and create further customer density in our key market areas,Â commented ASG CEO, Joe Nuccio. The largest of these acquisitions is the purchase of 4,200 customer accounts from an unnamed company. The transaction nets ASG $108,000 in new recurring monthly revenue in areas where ASG already operates including Dallas, Houston, San Antonio, Austin and Corpus Christi.
The acquisition of Transtate Security in Laredo, Texas, includes 1,100 customer accounts and $38,000 in recurring monthly revenue. This transaction increases market density in ASGÂs Rio Grande Valley operations, anchored by its Argus Security Systems brand. Transtate is a well established security company in the Laredo market with a rich blend of commercial and residential customers.
Brinkman Security is a unique buy for ASG in that it establishes the company with a presence in the Marble Falls/Horseshoe Bay ÂHill CountryÂ of Texas. Operating under the same ownership for more than 26 years, Brinkman Security protects primarily high-end homes and local businesses and boasts many affluent and famous clients including retired astronaut Jim Lovell and retired Dallas CowboyÂs quarterback Roger Staubach. The acquisition includes 725 new customer accounts, $18,800 in recurring monthly revenue and a small employee base.
ASG also acquired Advance-Tech Security, Inc. in San Antonio, Texas. $10,500 in recurring monthly revenue and 300 new customer accounts will fold directly into ASGÂs San Antonio operations.
ASG Security is headquartered in Beltsville, Maryland, with full service operations in the Mid-Atlantic/Washington D.C. region and throughout the State of Texas. One of the 20 largest U.S. security alarm companies, ASG is focused on the commercial and high-end residential market segments serving approximately 43,000 subscribers. ASGÂs service offerings include video surveillance, access control solutions, and fire and video verified burglar alarm systems.
# # #