Trans-American acquires monitoring accounts, teams up
BURNSVILLE, Minn.Ã¢â‚¬â€Trans-American Security Services, a provider of commercial security and fire monitoring systems focused in the Midwest, in January completed converting the majority of monitoring accounts from WEBCO Security, a residential security provider headquartered in Ramsey, Minn.
Steve Champeau, president and chief executive officer of Trans-American, would not disclose how many accounts had been acquired or details of the transaction, but said that WEBCO will remain in operation and will Ã¢â‚¬Å“continue to install new systems and provide services to these accounts while [Trans-American] will provide the monitoring for these, and future, accounts,Ã¢â‚¬Â he said.
Champeau said this acquisition represented a partnership between the two companies and he was Ã¢â‚¬Å“excited not only about this acquisition but about developing this long-term relationship.Ã¢â‚¬Â
Ã¢â‚¬Å“WeÃ¢â‚¬â„¢ve discovered that there is a market segment that has an interest in remaining in business from the dealer perspective,Ã¢â‚¬Â he said. Ã¢â‚¬Å“The critical piece is that weÃ¢â‚¬â„¢re not competing with [WEBCO] because weÃ¢â‚¬â„¢re primarily a commercial service provider and their piece is in the residential market.Ã¢â‚¬Â
Trans-AmericanÃ¢â‚¬â„¢s entrance into the residential monitoring sector will not require any additional resources, Champeau said, and the company will continue to Ã¢â‚¬Å“pursue additional acquisition opportunities as well as organic growth in the marketplace.Ã¢â‚¬Â