Garden City, New York (PRWEB) January 13, 2012
World Wide Security, a provider of physical security and life safety systems, today announced the asset acquisition of several physical security companies located on Long Island and New York City. The companies: Dart Security, Woodbury; Access One Security, Commack; and LSG Security Systems, Bronx, N.Y., will join World Wide. The acquisitions will enhance the service offerings to residential and commercial customers through expanded product lines and technical expertise. World Wide had announced in December an increase in the company’s revolving line of credit which made the closing of negotiations, with these companies, possible. “These acquisitions will help us achieve the ability to increase delivery of quality security solutions and technology to a growing marketplace in the region. There is a lot of industry talent involved with these acquisitions which will benefit our expanding customer base,” stated Ken Mara, President and CEO of the Garden City-based World Wide Security.
Dart Security, founded in 1974, is a leading security system provider in Woodbury, with a market concentration in Nassau and Suffolk Counties. Ben Cirlincione, Dart’s President and founder will remain with the company as General Manager. “I am thrilled to have Ben as part of our team. Ben has had a large presence in the industry on Long Island. He has witnessed many changes, while also influencing trends, through his active participation when he served as President of the Long Island Alarm Association and during his involvement as Vice President of the N.Y. State Alarm Association,” Mara stated.
With the acquisition of LSG Security Systems, World Wide will now have a physical presence in New York City and Westchester County, allowing the company to expand its market reach. Future plans include a larger office and additional staff. LSG was formed in 2005 by Lee Gagliono and specializes in the sale and installation of security systems. “Lee has built an outstanding company that World Wide looks forward to being part of. LSG customers will now receive greater alarm response with monitoring services through World Wide’s in-house monitoring company, Vision Monitoring. The on-site monitoring division of World Wide is also a New York City Fire Approved Monitoring company. This stringent certification process is approved by the Fire Department of New York City and New York State and is held by only several dozen monitoring companies in the entire U.S.
Access One Security and World Wide Security had been doing business together for nearly 10 years through Vision Monitoring. “All my company’s security accounts have been handled by World Wide’s UL-Listed central station, Vision Monitoring; so when it came time for me to sell, I naturally wanted the smoothest transition and approached World Wide,” explained John Maglione, President of Access One Security.
World Wide has a growing presence in government contracting having recently been awarded a 5-year N.Y. State contract and is one of the largest security and fire alarm providers and system installers, to school districts on Long Island. The companies will now work together to expand systems and technology to the State as well as local and regional government agencies, private residences and businesses. “World Wide Security has long admired each of these company’s abilities to service the expanding security market in the region. We are thrilled to join forces to create a highly competitive company with innovative ideas that customers want, “ Ken Mara commented.
As a Honeywell and First Alert dealer, World Wide is known for its ability to provide security solutions through integrated products. “I look forward to having additional industry expertise available to address the challenges of highly technical installations as part of our team,” Mara stated adding, “The industry has moved towards the security system performing so much more than burglar and fire alerts. The consumer wants technology that will meet their very basic needs to advanced systems to control the home environment, monitor in real-time the inside and outside of the home, and have alerts sent to their cell phones and laptops. Companies who understand the end-user and have expertise in all of these areas will continue to grow.”
Dart Security, LSG Security and Access One Security were asset purchases as was World Wide’s acquisitions over the last year, which included Rainbow Protection, Digital Security, True Value Alarms and Alarm Security Inc. Mark Simson, CFO for World Wide Security, led the financing for these acquisitions. “We are very excited to have CapitalSource provide the lending platform to make this and all our other acquisitions happen. CapitalSource has been a tremendous partner in helping World Wide grow,” stated Simson.
About World Wide Security: Partners in business since 1979, Kenneth Mara, President & CEO, along with Joe Ingegno, Vice President, have owned and operated security companies on Long Island, which serve the tri-state area. The World Wide family of companies includes: World Wide Security, GC Alarm, Telestat Security, Vision Monitoring, Rainbow Protection and Dart Security. Together the companies provide residential and commercial alarms, CCTV, access control and home automation systems. World Wide operates its own UL-Listed; New York City Fire approved central station through Vision Monitoring.