A local office will be retained along with many employees of Sylvesterâ€™s, which has been in business since 1960, HSM announced. Terms of the sale were not disclosed.
â€œSylvesterâ€™s is a great company, and we are thrilled to have acquired an industry leader with a great track record and longevity in business,â€ declared Timothy Whall, president and COO of HSM. â€œThe Sylvesterâ€™s acquisition opens a new market for HSM while helping us foster our continued growth in national accounts.â€
Added Don Sylvester, president of Sylvesterâ€™s Security Alarms, â€œAfter entertaining numerous offers, I have selected HSM to take Sylvesterâ€™s forward. I believe that Jim Covert can take my company to the next level and offer my employees greater career opportunities than the other companies I spoke with.â€
HSM has 49 offices serving more than 80 of the countryâ€™s largest metropolitan markets. HSM designs, installs and services security systems for more than 175,000 commercial and residential customers.