Per Mar picks up local guard firm
DAVENPORT, Iowa - To add a piece to its security officer complement in the Cedar Rapids, Iowa, area, Per Mar Security Services has purchased competitor Nighthawk Security for an undisclosed sum.
With Nighthawk, a five-year-old company, according to Bill Jackson, president of Per Mar Security, comes 60 security officers based in NighthawkÃ¢â‚¬â„¢s CedarÃ‚Â Rapids office. That location will be closed and operations consolidated into Per MarÃ¢â‚¬â„¢s existing location in Cedar Rapids.
Ã¢â‚¬Å“We have an existing base of business in Cedar Rapids and this will add to our coverage there,Ã¢â‚¬Â Jackson said. The company has 350 employees in that location, servicing about 2,100 customers.
Because of the companyÃ¢â‚¬â„¢s geographic location, Nighthawk was a good fit for Per Mar, Jackson said.
In its 50-year history of providing guard services, Per Mar has completed about 45 acquisitions, a good percentage of which have been guard related, Jackson said.
Ã¢â‚¬Å“We are always open to growing our business, not just organically with our existing operations, but also looking for opportunities to make selected acquisitions,Ã¢â‚¬Â Jackson said.
Per Mar sees opportunities in the guard business as well as using security officers to provide response services, although there are few areas in the companyÃ¢â‚¬â„¢s coverage area where alarm verification, and alarm response services, are an issue, he said.
Ã¢â‚¬Å“We do offer it in four or five of our markets, but we have always done it as an value-added service,Ã¢â‚¬Â Jackson said. Ã¢â‚¬Å“ItÃ¢â‚¬â„¢s been well-received and customers do take advantage of it.Ã¢â‚¬Â
About 45 percent of Per MarÃ¢â‚¬â„¢s operations are in the guard sector. The company has 19 locations in five states and employs about 1,500 security officers.