Stanley acquires in the U.K.
At the Barnes Buchanan conference last month there was conjecture that Stanley CSS may make a big play in the residential security space this year.
No news on that front yet, but Stanley CSS did announce this afternoon that it acquired three, mostly commercial, security companies in the U.K.
While the three companies that were acquired are in the U.K., the company that owned the three companies is a North American company. The owner was Verifier Capital, which is based in Florida.
According to its web site, Verifier Capital’s traditional specialty is providing capital to small- and medium-sized alarm companies with financing needs from $1m to $10m. It “traditionally served the Sonitrol franchise network,” (which would explain why it’s working with Stanley) but “recently expanded its operations to the broader US commercial security alarm industry, where we provide capital to security alarm companies engaged in all types of monitoring services, from traditional intrusion detection to CCTV and remote video monitoring.” Not sure how recently this happened, but I’ll be talking to the president this week.
The companies that Stanley bought, include Smiths Security Services, Raysil Security Systems, and SRP Security Systems, located in Oxfordshire, Surrey and Buckinghamshire, United Kingdom, respectively. The companies are “mostly commercial accounts including top universities, telecommunications, financial, healthcare and retail customers throughout the UK," according to the Stanley release. Terms of the sale were not disclosed.
Tony Byerly, President Stanley CSS North America and is also president of United Kingdom Direct. Stanley CSS already has six offices in the United Kingdom and a new monitoring center in Swindon, UK
Does this affect the North American security market? Felix Gonzales VP strategic initiatives & business development, told me via email, yes.
"This acquisition has an impact on U.S. market. Many U.S. based companies are expanding their businesses overseas and globally. This acquisition expands & strengths Stanley’s direct service capabilities for customers wanting to do business with one security provider for their locations in North America and UK; along with France."
Stanley has more than 75 offices and serves more than 120 of the largest metropolitan markets in North America. Stanley CSS designs, installs, monitors and services security systems for industrial, government, commercial, residential and national account customers. It has 300,000 customers in North America.