IASG seals the NACC deal
November 25, 2004
ALBANY, N.Y. - Integrated Alarm Services GroupÃ¢â‚¬â„¢s acquisition of third-party central station National Alarm Computer Center in Irvine, Calif., appeared to go off without a hitch, closing as expected in mid-November.
At $50 million, the deal represents IASG largest purchase since it went public in 2003. It provides IASG with $800,000 in third-party monitoring recurring monthly revenues and a portfolio of alarm contracts worth $430,000 in recurring monthly revenue.
Officials from IASG must now decide how NACC will work with its other business, Criticom. It runs several contract central stations across the country, with monitoring centers in New Jersey, Minnesota and California.
The company also owns an installation business, Protection Service Industries, in Rancho Cucamonga, Calif. PSIÃ¢â‚¬â„¢s central station in Albuquerque, N.M. closed three months after IASG bought the business.
But despite that, long-time customers of NACC say they are optimistic about the future, citing the willingness of executives from Criticom to answer questions.