Monitronics, Security Networks enter final phase of integration
Several months after Monitronics acquired Security Networks in a $507 million deal, the company has officially incorporated the more than 200 Security Networks dealer affiliates into the Monitronics dealer program, the company recently announced.
This phase, which will go down as one of the final steps of the integration process, brings the number of Monitronics dealers to about 620, making it one of the largest networks in the country. The company says it will provide monitoring services to more than 1 million customers out of its Dallas-based central station.
Bruce Mungiguerra, Monitronics’ VP of operations, said in the statement that merging businesses is “never easy,” but that “the hard work of many groups across both companies has kept things as organized and efficient as possible.”
Also being brought into the Monitronics fold are 60 field technicians who previously serviced Security Networks accounts across several regions, bolstering the company’s network of field service dealers.