Vector Security (No. 4 on the SDM 100) announced the acquisition of ADS Security (No. 15 on the SDM 100). The transaction officially closed today. Collectively both companies will have close to $20 million in recurring monthly revenue and a customer base of nearly 400,000 subscribers.
The ADS Security team will remain in their current roles with John Cerasuolo leading the ADS division, reporting directly to Vector Security President and CEO Pam Petrow. ADS Security will maintain its brand identity, becoming the fourth business unit under the Vector Security portfolio of companies.
“Our growth at ADS is on record pace,” said Cerasuolo. “Over the past 16 months, we have recorded faster growth than any other time in company history. At ADS, we are excited by Vector Security’s financial resources and stable ownership that will continue to fuel our growth ambitions and acquisition activity. We have similar cultures across both organizations and we look forward to leveraging the best of both companies.”
“We are excited to welcome the team members and customers from ADS Security to the Vector Security family,” said Petrow. “We are very impressed with the successes and market presence ADS has built over the years. We have a great opportunity to take best practices from two amazing companies and build the best sales and service organization across our expanded footprint.”
ADS was originally owned by the investor group Elmhurst Company, also of Pittsburgh. Barnes Associates Inc. served as financial advisor to ADS.