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Pat Egan

Acquiring thy neighbor?

Best practices according to Jennings, Egan, Loud, Goldstein and Cerasuolo
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07/17/2013

YARMOUTH, Maine—One of the best ways for security companies to build density is to acquire a local competitor, but there also are potential pitfalls when doing business in your backyard, according to five security company executives who have experience with these kinds of transactions.

Select Security branches out to Utah

Super-regional to open Orem, Utah office
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10/06/2011

LANCASTER, Pa.—Select Security--a super-regional based here that has spent the past two summers trying to beat the big summer-model companies at their own game by running its own door-knocking program--is upping the ante.

Select Security gears up for summer

Egan: Selling for an in-state company should be easier sale
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02/04/2011

LANCASTER, Pa.—Last summer, Select Security, a super-regional alarm company based here, successfully experimented with a summer model program to beat the big boys at their own game.
This summer, the company is going further: It is not only repeating its summer sales program but has hired sales representatives from some of the big companies to run it.

Calif. sprinkler measure lacks monitoring requirement

Sprinkler requirement for new residences is unlikely to generate revenue for alarm companies
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01/13/2011

PACHECO, Calif.—On Jan. 1 this year, California joined Pennsylvania in becoming the first states in the nation to require the installation of automatic fire sprinkler systems in new one- and two-family homes.

Super-regional aims to increase RMR with sprinklers

Select Security adds new sprinkler division
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12/09/2010

LANCASTER, Pa.—Select Security, a super-regional based here, has done something out of the ordinary: It recently acquired a fire sprinkler company and turned it into Select Security’s new sprinkler division.
Company president Patrick Egan said Select Security’s purchase of Fire Systems Inc. of Ephrata, Pa. is unusual for a security company, but makes good business sense. It will lead to new sprinkler and alarm customers for Select Security, and generate additional RMR as the company takes over the annual inspections required for sprinkler systems, Egan said.