Acquisition nets ADS 2,000 accounts, $50,000 more in RMR
NASHVILLE, Tenn.—ADS Security now has three offices in Georgia and 2,000 more accounts thanks to the acquisition Vidalia, Ga.-based Bridgecom.
The acquisition adds $50,000 in RMR for the company, which has a current RMR of $2.7 million, ADS president and CEO Jon Cerasuolo told Security Systems News. It also sets up the third branch office for ADS in Southeast Georgia. ADS has existing offices in Augusta and Savannah.
The accounts are 70 percent residential.
“We’re on a steady course, pursuing the best companies in the Southeast that have legendary service to their customers. We like a good mix,” so the 70 percent resi accounts from Bridgecom fit the bill, he said.
“It’s a nice fit because it didn’t overlap [with existing territory] and it really filled out the map nicely for us,” Cerasuolo said.
ADS, a 25-year-old residential and commercial security company, which also offers home automation services, provides a UL-listed, CSAA Five Diamond monitoring center in Nashville. It recently acquired Professional Alarms in Clarkesville, Tenn., as part of its strategy to expand in the Southeast.
With the purchase of Bridgecom, ADS now has 10,000 accounts in Georgia as part of its total of 80,000 contracted accounts.
ADS said it has acquired about 6,000 accounts this year. In 2014, the company acquired five security companies with a total of about 6,400 accounts.
Bridgecom owner Bill O’Neal and his team will be joining ADS in keeping with ADS’ priority of retaining as many employees as it can from the companies it acquires, Cerasuolo said.