American Alarm acquires in Massachusetts
ARLINGTON, Mass.—American Alarm and Communications recently acquired Electralarm Security Systems, adding on 500 accounts. The deal brings American Alarm to about 25,000 accounts total, Lou Sampson, the company's CFO, told Security Systems News.
"We were in discussions for about three or four months earlier in 2016. The discussions began when Paul D’Amato Sr. [Electralarm's founder] reached out to us (through his broker)," Sampson said via email. "Paul had known of American Alarm for years, and our family, and he knew of our business reputation and our commitment to quality service, which was very important for him."
Electralarm's account base was pretty evenly divided between residential and commercial, Sampson said, but "slightly weighted towards residential." American Alarm's account base also has a slight lean toward residential in terms of number of accounts, he said. "But in terms of scale of systems, our commercial portfolio is larger, and it is growing significantly."
Paul "Chip" D'Amato, Electralarm's lead technician, will join American alarm in a similar capacity, American Alarm said.
Integrating Electralarm's account base into American's has been "seamless," according to Sampson. "One of the most important parts of the successful transition has been Chip D’Amato’s efforts. He hasn’t missed a beat. He’s still working with the Electralarm customers, to help with the transition," Sampson added.
The deal is the 27th acquisition American Alarm has completed, Sampson pointed out, and most of those purchases have been in the past 12 to 15 years. "We are always prepared to work with other companies and respond quickly when opportunities arise," he said.
Electralarm was based in Abington, Mass., approximately 20 miles south of Boston. The company handled its own monitoring, which will now be done through American Alarm's UL-listed, CSAA Five Diamond central station.