PASS acquires Security Inn.
FAIRVIEW HEIGHTS, Ill.--PASS Security, a residential and commercial security integrator based here, has acquired Security Innovations, a St. Louis-based integrator. The buy brings eight employees and a number of Ã¢â‚¬Å“mid-sized to larger commercial customers,Ã¢â‚¬Â said Brian Sullivan, general manager of PASS Security.
The Security Innovations buy will get PASS right at $10 million in revenue for 2009, Sullivan said, and the company will continue to be in a Ã¢â‚¬Å“rather large growth mode.Ã¢â‚¬Â As the industry continues to consolidate, he said, Ã¢â‚¬Å“weÃ¢â‚¬â„¢ll be active in looking for other partners, whether strategic, or through acquisitions, to provide those additional resources we need as we continue to grow.Ã¢â‚¬Â
Sullivan said PASS came upon Security Innovations through general networking in the region and said the company has a history in schools and health care, markets where PASS already has a good deal of business. Ã¢â‚¬Å“This helps our ability to service those customers,Ã¢â‚¬Â he said, Ã¢â‚¬Å“especially with their more sophisticated security needs, integrating their access control and video systems, and also getting more into the IP world.Ã¢â‚¬Â
Ã¢â‚¬Å“WeÃ¢â‚¬â„¢re not necessarily a bleeding edge-type company,Ã¢â‚¬Â Sullivan said. Ã¢â‚¬Å“ThatÃ¢â‚¬â„¢s not our strength. WeÃ¢â‚¬â„¢re a little more conservative in our introduction of those new technologies to our customers. WeÃ¢â‚¬â„¢re excited about those things, but weÃ¢â‚¬â„¢re cautious.Ã¢â‚¬Â
PASS owns its own central station and serves more than 8,000 security, fire, and home-lifestyle accounts.