Securitas Electronic Security is acquiring Supreme Security Systems. The acquisition increases Securitas’ service capabilities and client offerings in the northeast U.S. and aligns with Securitas’ ambition to double the size of its security solutions and electronic security business. The purchase price is approximately $20 million.
Founded in 1929, Supreme Security Systems provides security alarm monitoring services to clients primarily in the New Jersey area. Their portfolio includes electronic security services, such as intrusion, video, fire and access control systems, as well as a UL-listed, FM approved, TMA Five Diamond certified alarm monitoring. The company has an outstanding reputation with its tenured client base and is known for providing best-in-class service. Total annual sales amounts to approximately $10 million, mainly driven from its recurring monthly revenue (RMR) base.
“This acquisition strengthens Securitas’ position as a leader in protective services and continues our journey towards our ambition to double the size of our security solutions and electronic security business,” said Tony Byerly, president, global electronic security, Securitas AB. “Supreme Security Systems’ strong recurring revenue base complements our North American electronic security business model and enhances our footprint in a population dense strategic market,”
The company provides density in a key market and strengthens Securitas’ footprint in the northeast U.S. The acquisition enhances Securitas Electronic Security’s capabilities and expands coverage to serve the core commercial, mid-sized business market.
“We are very excited to welcome Supreme Security Systems’ clients and team members to Securitas,” said Kevin Engelhardt, president, Securitas Electronic Security. “Acquiring Supreme Security Systems provides Securitas Electronic Security with a strong alarm monitoring client base and accelerates the growth of our core commercial channel,”
The acquisition is expected to be EPS accretive as of 2022 and will be consolidated in Securitas as of Dec. 1, 2021.