Sweetwater continues with growth
January 1 , 2004
HOUSTON - On the heels of its largest purchase to date, Sweetwater Capital said Tuesday that it had picked up another substantial group of accounts to add to its burgeoning security portfolio in the southern and western United States.
The purchase of 1,500 accounts from DSS Security, a subsidiary of Eagle Broadband, is Sweetwater's fifth purchase to date, following Sweetwater's acquisition of Apex Security in Glenwood Springs, Colo., in late October. That purchase, which garnered the company five locations and 4,500 accounts, puts Sweetwater's account base at 8,500.
Donald Bresina-Hawkins, Sweetwater's chairman, said with this acquisition, the company's financing partners and shareholders are continuing to support Sweetwater's goal of building the Sweetwater name in security.
Eagle Broadband purchased DSS Security in early 2002 and used DSS's account base and central station here as the backbone of its security offering. In July of 2002, Eagle announced that was forming a standalone security subsidiary to operate independently of its core bundled fiber-to-the-home operations.
For more on this story, see the February edition of Security Systems News.