Alarm Capital Alliance (ACA), Newtown Square, Pa., announced its acquisition of Security Communications Audio Network Corporation (SCAN) on June 18. SCAN, Southampton, N.Y., has been serving the Hamptons since the early 1980s, amassing more than $170,000 in recurring monthly revenue (RMR). As ACA enters this new, affluent market, they will maintain the regional branch office to allow ACA to implement its marketing and growth strategy. With this acquisition, ACA now has more than 140,000 customers nationwide.
“The owners built and ran a fantastic operation over the last 32 years, and we are excited to enter the Hamptons with such a stable, well-managed account base,” said Anastasia Bottos, chief business development officer and executive vice president of acquisitions of ACA. “Growing to over $170,000 in RMR primarily through referrals speaks to their excellent reputation. It was a pleasure working with them and their team through the due diligence process.”
Bottos continued, “It was a very smooth transaction start to finish. We were able to complete due diligence, contract negotiation and acquire the operation in just 35 business days.”
For information, visit www.alarmcapital.com.