Texana expands

Makes equity investment, gains central station, triples account base
SSN Staff  - 
Saturday, November 1, 2008

DALLAS--In a move that tripled its account base and brought in a UL-certified central station, Texana Security announced in September that it had made an equity investment in two Texas companies, San Angelo Security Service, of San Angelo, and Supreme Security Service of Abilene.

“We wanted to increase our presence in the market,” said Sean O’Keefe, CEO of Texana. “San Angelo owns the market in that area and also had its own central station,” he explained. Supreme was in a similarly dominant position in the Abilene area, O’Keefe said. “These are new markets for us,” he said. Additionally, “we picked up a very high-quality workforce [of about 40 employees].” Both companies will continue to sell services under their brand names.

The company is one year old this month. Before the equity investment, it had 2,000 accounts. The investment increased the account balance to 6,500. The new accounts represent “an almost even mix of commercial and residential accounts.”