Stanley Expands Operations in Canada
Stanley Convergent Security Solutions (Stanley CSS), Naperville, Ill., purchased all of the operating assets of First National AlarmCap Income Fund, an alarm company headquartered in Edmonton, Alberta. AlarmCap is Canada’s fourth largest alarm company, according to Stanley CSS. The company, operating under the brand Microtec Security Systems, provides sales, installation, service, monitoring and maintenance of intrusion, fire, video, and access control systems.
“This is exciting news for Stanley CSS, as we transform our Canadian operations with this acquisition,” said Tony Byerly, president, North America & United Kingdom Direct. “The acquisition of AlarmCap gives us even greater reach into the Canadian market, allowing us to offer even more services to our existing and prospective Canadian customers. Stanley not only significantly increases our Canadian customer-base, but we also secure two ULC certified monitoring centers in Quebec City and Montreal, which will expand Stanley CSS’ bilingual capabilities in Canada.”
The purchase of AlarmCap will increase the customer base by about 79,000 residential and commercial customers. The acquisition brings with it approximately $1.8 million in RMR.