Aurora, IL – September 1, 2015 – Alarm Detection Systems, Inc., announced today that it has acquired Safe Systems, Inc., a privately-owned residential and commercial security business located in Louisville, Colorado. This transaction combines two of the top SDM 100 companies; Alarm Detection is ranked at #24 and Safe Systems at #59. Safe Systems is Alarm Detection’s largest acquisition to date.
This merger allows Alarm Detection to expand its footprint beyond the Midwest area and into the Western United States. Since both companies share best-in-class service reputations, the transition for existing accounts will be seamless.
“We are pleased to add the expertise and value that Safe System represents to our own 47 year history of quality operations,” says Bob Bonifas, founder and CEO of Alarm Detection Systems, Inc.
Under the agreement, Larry Halpern, the owner of Safe Systems, will be an integral part of the transition.
According to Halpern, “We are very pleased that we were able to finalize a transaction with Alarm Detection Systems. Their emphasis on customer service and employee satisfaction makes me comfortable that they will continue to operate Safe Systems much as I have since I founded the company in 1982.”
SPP Advisors, LLC represented Safe Systems in the transaction. Mark Sandler, Managing Director of SPP commented, “Alarm Detection Systems was the perfect acquirer for Safe Systems. Both Safe and ADS have similar operating styles and philosophies. It was a pleasure working on this transaction”.
Citizens Bank, N.A. of Boston, MA provided financing.
Alarm Detection Systems will maintain Safe System’s existing corporate headquarters and central station in Louisville, Colorado, as well as its satellite office in Colorado Springs, Colorado to support sales and growth throughout the region.