Bates Security, headquartered in Lexington, Ky., announced the acquisition of Performance Security in Jacksonville, Fla., for undisclosed terms.
The transaction marks Bates Security’s third acquisition in recent months in Florida. Performance Security will further strengthen the company’s growing presence in the Jacksonville and the greater Northeast Florida market.
Bill Downing, the former owner of Performance Security said, “Through my 35 years of providing service to my family of customers, relationships have been formed. But it is time for me to retire and enjoy the benefits of my time. I diligently searched for a company, who could provide the same level of service, or better, so that my family of customers would receive only the best service as they have come to expect from Performance Security.”
Jeremy Bates, President of Bates Security explained, “We found a perfect addition to our company as we are lucky to share many of the same core values as well as a similar business model with Performance Security, including a commitment to providing excellent customer service and cutting-edge technology options. My brother Bryan and I are excited to lead the company’s growth into new areas of Florida, Georgia, and Kentucky, and the addition of Performance Security helps further that goal.”
Jeremy Bates added, “The Bates team brings additional resources and ideas that will further enhance the services to the Performance Security client base in Jacksonville and surrounding counties.”
In the last two years, Bates Security has seen rapid growth in the Jacksonville area with the completed acquisitions of Performance Security, Island Security, and Southtech Integration (dba Dynamark).Bates Security has ranked amongst the largest security companies the past 15 years, most recently as the 34th largest security company in the nation, according to the SDM 100 annual report. Established in 1969, the locally owned and operated company is a full-service electronic security provider offering service for residential, business, educational and industrial customers.