Atlas Security buys Ozark
SPRINGFIELD, Mo.--In a move that strengthens its commercial base, Atlas Security acquired Ozark Protection in July.
Ã¢â‚¬Å“ItÃ¢â‚¬â„¢s a nice company, not real large, but it has 80 percent commercial accounts,Ã¢â‚¬Â said Jim Wade, president of Atlas. Ã¢â‚¬Å“ItÃ¢â‚¬â„¢s good for us. Given our market, we donÃ¢â‚¬â„¢t get a lot of opportunities for acquisitions right here in our own backyard.Ã¢â‚¬ÂWade is pleased with the quality of the accounts, which include several large accounts, including multi-location retail companies.
Atlas has been in business since 1961. ItÃ¢â‚¬â„¢s a full-service security company that does burg, fire, CCTV, video surveillance and access control. Commercial work accounts for about 65 percent of its business with the rest being residential.
WadeÃ¢â‚¬â„¢s family is entrenched in the security business in this part of the country.
His father-in-law, Marvin Britton, who died in 2005, founded both Atlas and panel manufacturer DMP and brother-in-law Rick Britton now owns DMP. WadeÃ¢â‚¬â„¢s son, Ryan Wade is the IS manager at Atlas.
Atlas does work within a 100-mile radius of this office, Ã¢â‚¬Å“in the four-state regionÃ¢â‚¬Â of Missouri, Oklahoma, Arkansas and Kansas. It has a UL-listed central station and monitors about 9,000 accounts. The Ozark acquisition adds another 400 accounts to that total. The acquisition also adds one technician to AtlasÃ¢â‚¬â„¢s staff of 43.