Alarms Incorporated of Denver recently acquired another local company, Verified Alarms, also of Denver. Alarm Financial Services (AFS) financed the acquisition. Terms of the deal were not disclosed. The acquisition coincides with the retirement of Alan Hartley, long-time owner of Verified Alarms.
Hartley, an alarm industry veteran of forty years, hails from a background in the Royal Canadian Mounted Police and the insurance industry. With a deep understanding of customer protection, Hartley focused on custom system design, exceptional service and bringing extensive experience to residential and commercial installations. Finding the right buyer for the Verified accounts was important for Hartley.
“AFS knew I wanted to retire, and found a match for me and my customers,” Hartley said. ”It was a win-win scenario for both parties.”
James Higgins and Alarms Inc. have also specialized in residential and commercial alarm systems for about 40 years. They credit their growth to satisfied customers, architects and builder referrals. The opportunity to purchase Verified’s accounts helps Alarm Inc. continue its growth.
“We’re looking forward to welcoming the customers of Verified Alarm to Alarms Incorporated and we’re committed to providing them with the same great customer service they’ve received from Alan for all these years,” Higgins said. “AFS acted as a partner and was extremely helpful as we worked through the process of finalizing this transaction with Verified.”
AFS provides funding programs from $150,000 to $1,500,000 to small and medium-sized security, fire alarm and Personal Emergency Response System (PERS) companies.
“We are pleased to provide the capital to Alarms Incorporated, helping them continue their growth through this strategic acquisition,” said Jim Wooster, Jr., president of Alarm Financial Services. “We have known Alan Hartley for many years and are glad to see his customers find a good home with Alarms Inc.”