Stanley deal goes down in Georgia
Stanley CSS announced yesterday that it’s acquired another Sonitrol franchise, Electronic Protection Network, of Savannah, Ga.
Terms of the deal were not announced. The deal includes “mostly commercial accounts including retail, restaurant, industrial, banking and education customers being serviced throughout Georgia,” according to a release.
:“As a Sonitrol franchise, the acquisition of Electronic Protection Network is a natural fit for us.—Stanley has over 52,000 customers using the Sonitrol technology across North America and the United Kingdom, so we’re happy to be adding Sonitrol of Savannah’s customers to the Stanley family,” said Tony Byerly, president Stanley CSS North America and United Kingdom Direct, In a prepared statement.
This is the first Sonitrol franchise acquired in 2011 by Stanley. Its last Sonitrol franchise acquisition took place in November, when it acquired two in Oklahoma.
Since Stanley bought Sonitrol in 2008, it’s been buying up the remaining independently owned Sonitrol franchise on an opportunistic basis. There are approximately 89 remaining franchises left.
Stanley CSS has 300,000 commercial, national account and residential customers in North America.