ACA Buys Hawk Security Services From Interface
|Amy Kothari, president and CEO of Alarm Capital Alliance|
Alarm Capital Alliance (ACA), Newtown Square, Pa., has acquired the residential division of Hawk Security Services from St. Louis, Mo.-based Interface Security Systems, which retained Hawk’s commercial customers. Interface ranks No. 11 and ACA No. 20 on the SDM 100. Financial terms of the deal were not disclosed.
Hawk Security has been serving customers in Texas for nearly 30 years. With the acquisition, ACA adds more than 27,000 residential customers, bringing the company’s total customer base to 170,000-plus. Interface will continue to own and service Hawk’s 12,000 commercial customers under the Interface name.
To continue delivering the local service Hawk’s customers have come to expect, the company’s staff and regional branches in Dallas-Fort Worth and San Antonio will remain in place and become part of the ACA family. The company will operate as Hawk Security, a member of My Alarm Center, which is ACA’s direct-to-consumer umbrella name.
Mike Shirley, Hawk’s regional vice president, will continue with the organization as vice president and general manager. ACA will rely on his lengthy security industry experience to ease the transition process and plot the future of Hawk Security.
“We have had a presence in the Texas market for many years and are excited about significantly expanding our customer footprint in a fairly concentrated region. We are very impressed by the operating team at Hawk and are thrilled to support Mike Shirley as he continues to run the business. All around, this is a fantastic opportunity for ACA to do what ACA does best, integrate and enhance acquired businesses,” said Amy Kothari, ACA’s president and CEO.
According to CEO Michael Shaw, selling Hawk’s residential business will allow Interface to focus more on the company’s strength, namely its commercial services.
“Over the last eight years, we built Hawk Security into a premier provider of residential security services in the Texas market. We are confident that ACA represents an outstanding new owner for the business, given their residential focus and commitment to leveraging Hawk’s platform,” Shaw said. “The sale of Hawk will allow ISS to devote increased financial and operational resources to our fast growing and market leading commercial managed service business.”
In addition to Kothari, Anastasia Bottos, chief business development officer and executive vice president of acquisitions, and Scott Peterson, chief financial officer for ACA, were instrumental in completing the acquisition. Brandon Savage, senior vice president of Customer Experience and Operations, will oversee the transition and integration. Imperial Capital, LLC served as Interface’s exclusive advisor in the transaction.
John E. Mack III, co-head of Investment Banking at Imperial Capital, said this was a sound deal for both companies.
“This transaction made good strategic sense for both parties. Interface, by divesting their Hawk Residential division in Texas, can now focus even more attention on their innovative fast-growing bundled managed service offerings to commercial national account customers, and ACA gets an attractive residential customer base and a solid engine for further growth with the Hawk sales team,” he said.