Securitas Acquires Supreme Security Systems
Securitas is acquiring Supreme Security Systems, a top 50 alarm monitoring company in the United States. The acquisition increases Securitas’ service capabilities and client offerings in the Northeast and aligns with Securitas’ ambition to double the size of its security solutions and electronic security business by 2023. The purchase price is approximately $20 million.
The acquisition will be accretive to the group operating margin through its resilient recurring monthly revenue (RMR) portfolio representing more than 70 percent of the revenue.
Founded in 1929, Supreme Security Systems provides security alarm monitoring services to clients primarily in the New Jersey market. Their portfolio includes electronic security services, such as intrusion, video, fire and access control systems, as well as UL-listed, FM approved, TMA Five Diamond certified alarm monitoring. The company has an outstanding reputation with its tenured client base and known for providing best in class service. Total annual sales amount to approximately $10 million, mainly driven from its recurring monthly revenue (RMR) base.
“This acquisition strengthens Securitas’ position as a leader in protective services. It also continues the journey towards our ambition to double the size of our security solutions and electronic security business,” said Tony Byerly, president Global Electronic Security, Securitas AB “Supreme Security Systems’ strong recurring revenue base complements our North American electronic security business model and enhances our footprint in a population dense strategic market.”