Stanley CSS Purchases Four Sonitrol Franchises
Stanley Convergent Security Solutions Inc. announces the purchase of four Sonitrol franchises: Sonitrol Cascades, Sonitrol of South Oregon, Sonitrol of Spokane and Sonitrol of Yakima collectively operating as Sonitrol Cascades from Vyanet Capital Group, L.L.C.
Sonitrol of Cascades is one of the top 10 Sonitrol franchises in the United States., based on recurring revenue in 2008. The sale includes mostly commercial accounts including education, local government, property management, banking, retail, restaurant and other customers being serviced throughout Oregon and Washington state. Terms of the sale were not disclosed.
“This transaction is a natural fit for us since our 2008 acquisition of Sonitrol Corporation for $275 million,” said Tony Byerly, president of Stanley CSS. “The Sonitrol Cascades franchise acquisitions are a great opportunity for us to expand our operations in Washington and Oregon. We’re excited to be adding such a quality organization to Stanley CSS. Sonitrol Cascades has an accomplished group of customers throughout the Northwest.”
Stanley CSS will expand its direct coverage for Sonitrol products and services to include the Eugene/Medford, Ore. and Spokane/Yakima, Wash. areas. Stanley CSS’ stated strategy is to mainstream advanced Sonitrol audio verification technology and services across North America through its corporate locations and franchise partners.