Select Security, ranked No. 37 on the SDM 100, has purchased Bluemont, Va.-based 5 Star Security. This purchase expands Select Security’s presence in the Northern Virginia, Maryland and Washington, D.C., suburbs.
“We are pleased to welcome these new additions to the Select Security family and introduce them to the new services and benefits now available to them,” said Patrick Egan, Select Security’s founder & CEO.
“I chose Select Security because of their reputation for providing outstanding customer care,” said Lenny Bianchi, president of 5 Star Security. “I have every confidence they will continue the high level of service my customers have come to expect.”
The acquisition is the first to come as a result of Select Security’s new $55 million credit facility, and will be joined by several more by the end of the year. Steve Rubin of Davis Mergers and Acquisitions Group represented 5 Star Security in this deal.
With multiple local offices serving more than 25,000 customers across Pennsylvania, Ohio, Maryland, Virginia, Kentucky and West Virginia, Select Security offers integrated security and fire alarms, video surveillance, access control, along with home security, life safety and convenient home automation systems. Select Security offers monitoring services through its secure network of four redundant monitoring centers that are each UL listed, FM approved, and have earned the 5-Diamond certification from the Central Station Alarm Association.
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With approximately 20 percent penetration into homes, professionally monitored security systems that are now interactive and connected have a lot of room to grow — but many others also seek this opportunity. Read more stories in August Issue 2017.