And Jackson makes four for HSM
By Martha Entwistle
Updated Thu November 3, 2005
JUPITER, Fla.---HSM completed its fourth acquisition since May last month, when it closed a deal with Jackson Burglar Alarm of Denver.
Announced on Oct. 20, the sale brings 2,200 accounts to HSM. Terms of the deal were not released.
"This purchase helps us increase our density in a market that we're happy to be in. It gives us a much more solid base," said Tim Whall, president and chief operating officer of HSM.
Founded five years ago by Stewart Jackson, whose family has been in the security business in Colorado for generations, Jackson Burglar Alarm's accounts are 40-percent residential and 60-percent commercial. Its customers include "everyone from the apartment on the corner to the Department of Defense," Jackson said.
Up until a year-and-one-half ago, HSM was a subsidiary of Honeywell. HSM spent close to a year shoring up internal operations after separating from Honeywell.
With that accomplished, HSM moved into acquisition mode this spring. Each of the four acquisitions filled a different void for HSM, Whall said.
In May, HSM acquired 700 commercial accounts from ACS Security in Los Angeles. In July HSM made two acquisitions: Sylvester Security Alarms, a full-service alarm company in Santa Maria, Calif., and National Alarm Pro of Trumbell, Conn., which has a large presence in the retail market.
HSM has more than 175,000 customers, and 50 offices that serve more than 80 of the country's largest metropolitan markets.
Comments