Alarm Financial Services (AFS) recently helped two West Coast alarm companies secure financing for growth and expansion in their respective markets.

R.J. Protec Security of Murietta, Calif., and Safe & Sound Alarm Systems of Bend, Ore., worked with AFS to secure funding so they could acquire local competitors, according to an announcement.

“For the last several years much of our lending has been driven by acquisitions, as more and more alarm dealers reach retirement age,” stated Jim Wooster, president of San Rafael, Calif.-based AFS. “Dealers are ready to sell, and younger companies are looking to grow through acquisition. Both Protec and Safe & Sound have been able to leverage their in-house RMR to raise the capital for acquisitions, and we are pleased to help them achieve their growth goals."

R.J. Protec Owners Jeff and Deanne Dunagan said about their acquisition of Affordable Security Systems and the assistance they received from AFS: “The level of support we felt from Jim and the rest of the (AFS) staff was incredible. Their patience and expertise throughout the due diligence process was unmatched. We feel confident that this acquisition was the right decision and direction as we begin this stage with our business.”  

Safe & Sound President Matt Kehr said AFS was instrumental in completing the recent acquisition of BomaShield and helping the company meet its growth objectives. “AFS has been great to work with on multiple deals this year. They know our business and how to bring value to a deal,” Kehr added.

AFS has been providing loans and advisory services to dealers looking to grow their business, consolidate debt, expand operations or make acquisitions since 1987. Founded by Wooster, AFS bills itself as the oldest funding company serving the alarm industry.