COPS Monitoring Parent Company, Lydia Security, Acquires UCC
January 27, 2016
Lydia Security Monitoring, the parent company of wholesale monitoring company COPS Monitoring, announced it has acquired United Central Control (UCC). UCC will remain a separate brand owned by Lydia.
Lydia Security Monitoring Inc. exercised a portion of its recent $75 million credit facility led by Citizens Bank to complete the purchase of substantially all assets of UCC. Established in 1982, UCC is a contract monitoring company based in San Antonio, Texas, providing services to 750 dealers and 230,000 accounts. Under the UCC and COPS Monitoring brands, Lydia will provide monitoring services for more than 4,200 alarm dealers and integrators representing nearly 2 million accounts nationwide.
“It was important to former owners Don Munford and Lannie Green to find a company that would be open to maintaining UCC’s operations and keeping our dedicated team intact,” said UCC’s President Teresa Gonzalez. “We believe this acquisition is in the best interests of all UCC’s stakeholders — our employees, our dealers, and ultimately the end user customers.”
Jim McMullen, president and COO for COPS Monitoring, said, “This is a unique acquisition. Historically, Lydia’s acquisitions were completed with the goal of strengthening our national central station presence by integrating the companies onto our proprietary monitoring platform under the COPS brand. This acquisition is different. UCC is a stable and growing company with a reputation for offering quality services, which is why Lydia plans to continue providing unique benefits to the UCC dealer base under its own brand.”
McMullen further clarified that Lydia will continue to operate the UCC Stages monitoring platform at its current location in San Antonio, and will explore opportunities to enhance dealer services, disaster preparedness, and disaster recovery capabilities by offering redundant monitoring from additional sites, along with other improvements.
“We couldn't be happier about the acquisition, and we have received positive feedback from our dealers,” stated Mark Matlock, UCC’s senior vice president. “One of the biggest concerns has been whether we will continue to host our annual Dove Hunt Extravaganza. We’re pleased to announce it is ‘business as usual,' and the Dove Hunt will continue as planned in late September or early October in Uvalde, Texas. We also look forward to our next UCC Grow Your Business seminar to be held in Dallas, Texas, on February 9.”