Securitas has acquired FE Moran Security Solutions, a monitoring and electronic security systems integration company in the U.S. The acquisition increases Securitas’ density and offerings in the Midwest region and is aligned with Securitas’ ambition to double the size of its security solutions and electronic security business. The purchase price is approximately $82 million. Securitas’ Uniontown, Ohio, location was eighth on the 2020 SDM 100; FE Moran, located in Champaign, Ill., was 30th.
Founded in 2003, FE Moran Security Solutions provides an integrated electronic security offering — from design to installation and from maintenance to alarm monitoring — and focuses on commercial clients in several Midwest states across the U.S., as well as national account clients. Their portfolio includes electronic security services such as intrusion, video, fire and access control systems, as well as a UL-listed, TMA Five Diamond-certified alarm monitoring center. Its total annual sales amounts to around $53 million, mainly driven from a sizeable recurring monthly revenue (RMR) base and installation sales.