Hartford Business Brokers aligns with security

New business will assist security companies with selling or restructuring opportunities
Friday, October 1, 2004

FARMINGTON, Conn. - In an effort to assist security company owners that seek to sell or restructure their businesses, Hartford Business Brokers has been formed.

President Jeff Curtis launched Hartford Business Brokers in June, and he formed the company with the intention of helping security companies throughout the United States that provide access control, monitoring services, burglar, CCTV, fire and related systems.

“When a company is not running right, I fix it,” said Curtis, who previously worked at Security Resources as a loan workout manager and prior to that at Security Professionals as vice president.

Typically, a company in need of restructuring is dealing with three major issues, according to Curtis. These companies are defaulting on debt, dealing with mixed attrition and are not meeting their payroll demands.

“I can make them whole again,” said Curtis.

One of the areas the company is focused on is bank loans. Curtis has found in the past that business owners struggle with their financing deals, including how to renegotiate their arrangements. “I can typically restructure their agreement,” he said.

Either when an organization is looking to sell its customer accounts or get a handle on its operations, Curtis will assume a managerial role. His position is “to begin to upright them,” he said.

In addition, Curtis will aid companies looking to identify how the market is changing and who their customers are in order to increase profitability.