Henry Bros. makes buys in Texas, Baltimore
SADDLE BROOK, N.J.--Integrator Henry Bros. Electronics announced this week the purchase of two privately held integrators based in Texas and Baltimore.
Southwest Securityscan was founded in 1974 and is based in Duncanville, Texas, a Dallas suburb. The company reported revenues of $557,000 for the year ended March 31, 2006, but the price for the "certain assets" of the company Henry Bros. acquired was not released. David Mabey, president of Southwest Securityscan, will join Henry Bros. as project-manager/lead technician. He and other Securityscan employees will relocate to HBE's existing Grand Prairie facility.
CIS Security Systems is a larger operation, reporting $3.4 million in revenue for the year ended May 31, and offices in both Baltimore and Newington, Virginia. Jim Williams, founder and sole shareholder of CIS, will join Henry Bros. as vice president and general manager of HBE's CIS subsidiary. Terms of the acquisition were not released.
In a statement, Henry Brothers chief executive officer Jim Henry noted that in both cases, Henry Brothers was gaining more skilled technicians and more business opportunities in top-five U.S. markets.