LOUD finalizes last acquisition of 2015
KENNESAW, Ga.—LOUD Security acquired Nash Security on Dec. 31, John Loud, company president, told Security Systems News, and more are on the way in 2016.
“It’s a wonderful add-on and geographically, they’re right in our exact footprint,” Loud said.
The addition of 800 accounts from Nash Security brings LOUD’s total number of monitored accounts to 8,500, he said.
Loud declined to release the exact addition in RMR, he said this deal puts the company over the $220,000 mark in RMR.
While the 2G sunset wasn’t a factor in this acquisition, Loud predicted that the conversion will play a role in other 2016 acquisitions for the company. “In others that we're talking with, I can definitely see that being a factor of consideration,” he said. LOUD is currently in “very good final steps” with acquiring two other companies, according to Loud.
Dec. 31, 2016 is the proposed date for all 2G towers no longer being in service.
This deal was funded by LOUD’s credit facility from Capital One, attained earlier this year.
Nash Security was owned by Charles and Nan Nash. Their son, Andy Nash, is joining LOUD’s sales team, Loud said.
LOUD has more than 60 employees now, Loud said. “We don’t anticipate needing any additional hires pertaining to this acquisition, but we are projected to add about 15 employees … this calendar year.”
Nash’s account base is 70 percent residential and 30 percent commercial; LOUD’s accounts are 60 percent resi.