Safeguard makes acquisition
SCOTTSDALE, Ariz.—Super-regional Safeguard Security has acquired New Mexico Security Services, headquartered in Santa Fe, N.M., Safeguard CEO John Jennings told Security Systems News.
Two employees will join Safeguard as part of the deal. Carmen Purdy, the former owner of New Mexico Security Services, is retiring.
“This deal is strategic in value, because it gives us size. Now we are definitely the No. 1 player in Santa Fe,” Jennings said.
Safeguard, which is based here, has had an office in Santa Fe since 2001. The newly acquired accounts, which are 80 percent residential, will be rolled into the existing office.
“We had about 800 accounts in Santa Fe and Los Alamos area, [and] this acquisition was about 925 accounts. It doubles our base in the area,” Jennings said.
Safeguard is one of the largest family-owned full-service security companies in the region. With 2011 revenues in the neighborhood of $30 million, Safeguard does residential security, fire alarm monitoring, video, access control, and energy management. It also has a UL-listed central station.
Aside from some visitor management systems it has in Las Vegas, the Santa Fe office is the only presence that Safeguard Security has outside of Arizona.