RapidFire Safety & Security, a multi-regional buy & build company based in St. Louis, has acquired Troy Alarm, a fire alarm and security services provider based in Riverside, Calif.
Since 1989, Troy Alarm has evolved as a full-service security integrator. The company’s focus on customer service and relationship development in their local market has been paramount to their success, according to an announcement.
As part of the transition, it is anticipated that all Troy Alarm employees will continue to be key members of the company post-close, playing a crucial role in maintaining and expanding RapidFire's footprint and capabilities in Southern California.
“I got to the point where I was working too many hours and needed to make a change,” said Greg Hillman, president of Troy Alarm. “We started to look around for potential buyers who wouldn’t completely dissolve my business and were introduced to Mike McLeod and the RapidFire team.”
Troy Alarm is an established provider of fire and intrusion alarm systems, access control, video surveillance, UL fire alarm certs, and central station monitoring. Troy Alarm serves customers in the commercial, industrial, educational, and government markets throughout Greater Southern California’s Inland Empire.
“My wife and I both work a lot of hours,” said Hillman. “We didn't have the resources or the time to grow the business like I wanted to see it grow. RapidFire will give us the ability to build the company to its full potential."
The acquisition strategically bolsters Rapidfire’s presence in Southern California, stated COO Brian Modglin.
“This symbolic acquisition signifies a deliberate effort to enhance our team’s expertise, broaden our range of solutions, and ultimately better serve our community,” he added. “I anticipate this collaboration will yield significant benefits as we collectively strive for excellence in the realm of life safety."
The transaction represents the 10th acquisition for the RapidFire platform since its inaugural acquisition in 2022. Founded by Mike McLeod and Colin Harrold, in partnership with Concentric Equity Partners, RapidFire operates locations throughout the Midwest, Southwest and Western United States.
