Pro 1 acquires for the second time this year
Earlier this year, Protection 1 made what it termed an exponential expansion of its national accounts business when it acquired more than 2,000 commercial security monitoring accounts from Las Vegas-based Sting Alarm.
Now, Protection 1 announced this week, it has acquired nearly 3,000 residential customers from Provo, Utah-based ICON Home Security.
“When we find an opportunity to grow our market share that makes sense, we’re going to take it,” Protection 1 president and CEO Tim Whall said in the Aug. 16 press release.
I’ve got a call in to Romeoville, Ill.-based Protection 1—one of the nation’s major providers of electronic security—to learn more about what this means for the company.