Hart Alarm in Albany, N.Y. a 47-year-old second-generation company, has sold its alarm business to Doyle Security Systems in Rochester, N.Y. Doyle has been in business since 1919. Doyle Security Systems was 34th on the 2020 SDM 100.
Hart Alarm has been directed by the founder Jim Hart’s siblings, Steve, Susan and Ken. They determined that a capital infusion and more people were needed to grow the company. They decided to sell the company but remain active in it. To do so, they enlisted Davis Mergers and Acquisitions Group (DMAG), a firm working with sellers exclusively in the security industry.