Mountain Acquisition Co LLC (MAC), Aspen, Colo., announced that it closed a merger with Rocky Mountain Security Services Inc., Denver. The transaction makes the combined company one of the largest independent alarm dealers/integrators in Colorado with more than $285,000 in recurring monthly revenue and $7 million in revenue expected in 2014, according to a press release.
The transaction was described by Chris Heath, principal of Mountain Acquisition, as a “perfect match of skill sets, culture and strategic vision that will allow the consolidated company to be greater than the sum of its parts.” MAC will move its administrative hub to Denver effective June 1, 2014 and will begin its integration of the two companies immediately.
Tim Howell of Rocky Mountain Security Services praised the merger as “a giant step in his company’s 37-year history.” Howell said, “In the past, we have been on the lookout for a quality partner that could leverage our technical strengths and that could understand and appreciate our culture and approach to management that has produced so many positive customer experiences over the years. We’ve absolutely found that partner in MAC.”
Vectra Bank Colorado, NA, Denver assisted in the financing of the merger and related transactions.