Alert 360 recently announced the acquisition of Coastal Security in Virginia through its bulk acquisition program.
The purchase for undisclosed terms allows Alert 360 to serve more than 5,000 new accounts in the growing Virginia market. The company also opened a branch in Virginia Beach, Va. The new service territory includes Hampton, Newport News, Norfolk, Chesapeake and surrounding areas.
As part of this most recent acquisition, Alert 360 will now provide security service, security system upgrades and technical support to former Coastal Security customers, including alarm monitoring from its company-owned monitoring centers.
“We were excited to work with our former dealer in this acquisition, as he transitions into retirement and wish him well,” said Alert 360 President Anastasia Bottos. “We also appreciate the trust these customers place in their home and business security systems and provide them with the highest quality security services.”
This latest acquisition follows on the heels of additional and rapid growth during the past year for Alert 360, according to the announcement. In 2022, the company assumed responsibility for the ongoing service, monitoring and technical support for thousands of VIO Security customers, under the Alert 360 brand.
In early 2022, Alert 360 combined with My Alarm Center to deepen its service reach and presence across the country. The My Alarm Center family of companies included My Alarm Center, Hawk Security, Alarm Monitoring Service of Atlanta (AMSA), and ACS Security of Los Angeles. It also included a bulk acquisition entity that combined with Alert 360’s Authorized Alarm Dealer Program.
“Our entry into this market will fuel further expansion throughout Virginia and additional, nearby states,” said Jason Grelle, Alert 360's senior vice president of acquisitions. “With our team’s experience, innovative spirit, national service reach and partnerships with leading technology providers, we are well positioned for growth. We are focused on combinations that make sense, smooth transitions, and strong operations on which to build. We'll achieve this through bulk acquisitions and dealer relationships that allow us to offer our leading security services in key markets across the United States.”
Based in Tulsa, Okla., Alert 360 is a provider of monitored security and smart home solutions to residences across the United States. The company ranked 5th on the 2022 SDM 100.