Trident Fire & Security of Longmont, Colo., recently merged with Secure Source Incorporated of Denver. Alarm Financial Services (AFS) provided financing for the transaction. The new loan facility includes a five-year term loan and a line of credit for Trident, allowing for further expansion into the Denver Metro area, with targeted growth in the commercial security sector.
Since 1988, Steven Wasik, founder of Secure Source, has delivered security solutions in the residential, commercial and governmental sectors throughout the greater Denver area. Looking toward the future, Steve sought to place his customers with an established security provider and Trident Fire & Security was a good match.
“We were seeking a company who was familiar with our technology and put their customers’ needs first,” Wasik said. “It was evident from the start that Trident has built a culture around this philosophy. Brandon and his team have the expertise and resources to do just that, and we are pleased to be working with them. AFS and their staff were very professional and knowledgeable throughout the process and made the transition seamless.”
Trident Fire & Security has been providing residential and commercial security and life safety protection to the Colorado Front Range for almost 35 years.
“Steve’s knowledge and expertise are evident,” said Brandon Evans of Trident. “You can tell he cares a lot about his customers and has worked hard for them over the years. His customer base of primarily small local businesses is very similar to ours. In addition to obtaining financing and due diligence assistance essential for the transaction, we leveraged AFS’ advice and experience to come up with procedures that will help for a stable merger, which translates to more value for us [Trident].”
AFS provides financing from $150,000 to $1,500,000 to small and medium-sized security, fire alarm and Personal Emergency Response System (PERS) companies.
Learn more at www.alarmfunding.com.